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  • aliciagoh74

Sharing: General Average

Dear Valued Customer,

We wish to share with you the below video which explaining the "General Average" & the importance of Marine Insurance for shipping your cargo. The law of general average is a principle of maritime law whereby all stakeholders (vessel and cargo owners) 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. If cargo is insured, the insurance company provides the guarantee (bond) and any contribution required for the loss. The potential financial loss from a General Average claim amplifies the importance of All Risks Cargo Insurance. The liability for General Average makes purchasing cargo insurance an essential business decision. Thanks & regards, Priority Synergy Sdn Bhd | ROC 199401041921 (327609-P) No. 12 & 14, Jalan Sungai Aur / KS4, 42000 Port Klang, Selangor DE, Malaysia Tel: +603 3165 3100 | Fax: +603 3165 5100 Website: Disclaimer: This email is confidential and may be legally privileged. If you are not a named addressee you must not use, disclose, retain or reproduce all or any part of the information contained in this email or any attachments. If you have received this email by mistake please notify the sender immediately by return mail and delete or destroy all copies of the email. All business transacted are subject to Federation of Malaysian Freight Forwarders' Standard Trading conditions.

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