Updated information on Yantian Express General Average.
On February 21, 2019
I published some questions regarding the consequences and process of the overall rate – as soon as it was announced. In a press release, ONE (Ocean Network Express), a partner of the Hapag Lloyd Alliance, released more information related to Yantian Express, which announced the overall rate on January 25, 2019. “Yantian Express” was subjected to a major fire, which resulted in both the ship and part of the cargo being exposed either to fire or to water damage. SMIT Salvage Americas, LLC has been contracted as rescue currencies for this vessel under the Lloyds Open Form (LOF) contract. Turtles are entitled to retain the good after separation under