General average (GA) is a centuries-old legal principle unique to maritime transport. It requires all parties to a maritime adventure to proportionally share any costs incurred and losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. The York-Antwerp Rules (YAR) govern GA cases and are incorporated into contracts of carriage.
The Ukraine war is first and foremost a human tragedy with major implications for global trade and shipping operations. The ongoing military action in the Black Sea and the Sea of Azov present an immediate threat to the safety and security of crews and vessels operating in the area. Many seafarers continue to be trapped on their vessels unable to leave Ukrainian ports. Cargo owners and their insurers are exposed as well due to storage risks, both on land and on blocked vessels.
The storage of cargoes is associated with a range of safety and security risks. The temporary or long-term stowage of dangerous goods (DG) even has the potential to threaten life, the environment and property. The catastrophic events in Beirut and Tianjin are cases in point and strong reminders of the crucial importance for thorough risk assessments of warehouses on a regular basis.
Cargo tank coatings on board vessels are used to protect the steel cargo tanks internally from corrosion. During the carriage of chemicals in cargo tanks an equally important aim is to ensure a clear barrier between the coated steel and the cargo to minimize cargo absorption to avoid any contamination of the next cargo carried.