Shippers with cargo on the Maersk Frankfurt will have to contribute to the costs of recovering or replacing it, following fires on board the vessel last month.
The ship’s Japanese owner, Tokei Kaiun, has declared ‘General Average’ (GA), a maritime law that requires all stakeholders in a sea crossing to contribute proportionally to the costs of damage or losses incurred during a voyage when a vessel is damaged or stranded, leading to the partial or complete loss of its cargo.
A report by logistics news source The Loadstar, cited by the Parsifal Corporation, said Richards Hogg Lindley had been appointed the GA adjusters, and that Maersk would be providing guidelines for the GA process. Cargo will not be released for delivery until this process has been completed.
The Maersk Frankfurt had approximately 1,100 containers on board, with the final number still to be confirmed by the company.
