Tag Marine Insurance

In Specie

in specie

When cargo is destroyed or irretrievably loses its commercial identity, is it still the same cargo? And if not, can cargo interests refuse to take delivery — and with it, the substantial costs of disposal? This article examines the legal basis for refusing delivery of cargo that is no longer in specie, the circumstances under which that refusal may be justified, and the practical risks cargo interests face when making that tactical decision.

Container GA’s – Reasonableness

Container General Average Rule G Reasonableness

This article examines whether Rule Paramount's requirement of reasonableness overrides Non-Separation Agreement allowances under Rule G in Container General Average. NAU argues that where the commercial adventure for specific cargo has effectively ended, prolonged detention costs cannot be mechanistically recovered — and that a principled standard for container GA adjustments is overdue.