General Average
General Average is an internationally recognised system of casualty management where intentional losses or expenses are shared and paid for by all those involved in the common maritime adventure.
Our job as General Average Adjusters is to:
• Identify the General Average situation and advise the parties on all the steps that need to be taken in managing the General Average.
• Organise the process of collection of General Average security from the contributing interests. On a modern container vessel this can mean dealing with thousands of B/Ls.
• Prepare the adjustment according to the terms of the relevant contract of affreightment evidenced in the bill of lading or charterparty.
• Collect contributions due under the adjustment.
We also advise owners on special General Average clauses to be included in their Hull & Machinery policies which avoid the necessity of collecting General Average security on smaller casualties.
Our global network deals with the adjustment of General Average worldwide. In particular we have offices in locations such as London, New York, Hong Kong and Tokyo in order to comply with charterparty provisions concerning place of adjustment of General Average.
