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A container ship catches fire in the Arabian Sea. Your cargo is in a hold that never burned, on a vessel you do not own, in a casualty you had nothing to do with. Weeks later you receive a demand for 54 percent of the value of your goods before anyone will release them. That is not a mistake and it is not extortion. It is general average, one of the oldest surviving principles in commercial law, and the demand is enforceable. For cargo interests it is the single most surprisi

The $500 per package liability limit under the US Carriage of Goods by Sea Act is one of the most litigated provisions in American maritime law. It is also one of the most consequential for anyone with cargo moving to or from the United States, because when a carrier invokes it successfully, the gap between what cargo is actually worth and what the carrier owes can be enormous. A container of electronics worth $2 million becomes a $500 claim if the carrier can establish that

Insurance Policies Breakdown Insurance is one of those things most people think about only when something goes wrong. By then, the question is no longer what coverage costs, it's whether you have the right kind. This is a straightforward breakdown of what Nord Young offers across both marine and commercial lines, what each coverage type actually does, and why it matters to the businesses we work with. We work with clients on both sides of the industry divide. Whether you're