Ballast General Average – No cargo? No problem!

General average cases normally involve the vessel and the cargo on board, but there can still be GA when the vessel does not have cargo on board, known as ballast GA.

Description

The absence of cargo does not change the principle of GA where interested parties generally contribute to expenses incurred for the common safety and safe prosecution of the voyage. However it does raise some important questions to consider: Who would contribute to GA? What is the voyage? How can the shipowners recover the costs?

At this market briefing, our guest speaker will discuss the principle and allowances in ballast GA cases and policy coverage under English and other common clauses.

Speakers

• Nanami Hara, Fellow, Association of Average Adjusters
• Event Chair: Burkhard Fischer, Chairman, Association of Average Adjusters