General Average is one of the oldest principles of maritime law. It is an equitable doctrine that shares among property owners of the assets involved in maritime adventures the cost of extraordinary sacrifices or expenses incurred to avert a peril threatening the whole voyage. This article explains how it works, how to manage the process, and how shipowners can protect their interests - from the moment General Average is declared through to the final recovery of contributions.

Labco Marine has invoked its Force Majeure clause after a total work stoppage at the Strait of Hormuz and Fujairah ports, affecting regional cargo operations.

Labco Marine requires customers to ensure that all parties, vessels, and shipper-owned containers involved in shipments comply with international sanctions regulations, avoiding any connection to sanctioned entities or high-risk jurisdictions.