General Average is a principle in maritime law that requires all parties involved in a cargo voyage to share in cargo losses due to a voluntary sacrifice made to save the ship and additional cargo from a common peril. With insurance can protect their investments and ensure smoother sailing.
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Category: Cargo Insurance
The Challenges of Shipping to Libya From Houston, Texas or the US
Since 1963, Libya has often had a positive trade balance. Although agricultural items, hides, and skins are also exported, crude petroleum accounts for almost all of its exports. Farm machinery, consumer products, agricultural commodities, and equipment for the oil and construction industries are all imported.
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