Maersk has declared General Average in the wake of a fire that took place on Maersk Honam this month, according to BIFA.
The association said that the insurance industry is bracing itself for hundreds of millions of dollars of claims resulting from the fire on board the 15,262 TEU container vessel.
Maersk has appointed Liverpool-based average adjuster Richards Hogg Lindley to collect the necessary GA security. BIFA said that the company has confirmed that cargo owners have been advised, including 2M partner MSC, of its decision to declare GA.
MSC have requested its customers to contact their insurance company “so that your cargo can be released without delay”, adding: “We have not received any reliable information regarding the condition of your cargo, but we will be sure to inform you after we are notified”.