Cargo insurance isn’t always automatically included for all shipments. Pay a small fraction of the value of your goods, you’re protecting yourself for the day that the unexpected happens. Many try to save a little money by not insuring cargo, but here’s just some of the many reasons why that’s a bad idea.
General Average means a general loss. The law of general average is a principle of maritime law whereby all stakeholders in a sea venture proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency