Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Video & Multimedia

TreasonousBastard

(43,049 posts)

4. Weirder than you can imagine. Basically, everyone pays. They can all sue the vessel "in rem" for...

Reply to Pobeka (Reply #2)

Sun Mar 28, 2021, 12:25 PM

Mar 2021

their losses, but who knows what they will get.

Something called "general average" will probably be called. It's common in a stranding and goes back to the Phoenicians when one of their ships was in danger of sinking and they threw off the heaviest cargo. Those cargo owners complained, and so all cargo owners, plus the vessel itself, pitched in to reimburse them. Nowadays, it involves platoons of lawyers and average adjusters.

Edit history

Please sign in to view edit histories.

5 replies

= new reply since forum marked as read

Highlight:

Suez Canal: Why is freeing the stranded ship so complicated? An expert speaks. [View all] KY_EnviroGuy Mar 2021 OP

Their premise of UpInArms Mar 2021 #1

Who pays for delayed cargo on all ships blocked? Anyone know? Pobeka Mar 2021 #2

As always, we consumers will ultimately pay via inflation (socializing the losses). KY_EnviroGuy Mar 2021 #3

Weirder than you can imagine. Basically, everyone pays. They can all sue the vessel "in rem" for... TreasonousBastard Mar 2021 #4