Kyrenia Ship. When the original ship was sailing in around 300 BC, General Average had already been in practice for 500-1,000 years.
Following several attempts to free the Ever Forward, the ship’s owner declared General Average, citing “the increasing costs arising from the continued attempts to refloat the vessel.” What this means, in practice, is that the owners of the cargo now stuck aboard the ship will not only have to wait longer to receive their cargo but will have to pay more to get it.
The principle of general average is that all partners in a maritime venture share the risk of the venture. Specifically, the costs of any cargo loss resulting from necessary efforts to save the ship, the crew, and the rest of the cargo will be shared among the rest of the cargo owners.
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Yesterday, 
In December 
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Congratulations to glaciologist 
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