What is a reefer container and how does it work..?? As you should be aware by now, General Average was declared for the Yantian Express in late January 2019. On January 25, 2019, Hapag Lloyd declared “General Average” for the Yantian Express.. General Average declared for Yantian Express. and General Average on the Yantian Express. General Average was formally declared by the owners of the vessel Yantian Express v108E in the EC5 service string. The vessel and cargo in hold 1 and 2 sustained fire, smoke, and firefighting water damage during its voyage from Colombo, Sri Lanka, to Halifax, Nova Scotia. The declaration of General Average is the result of the fire on deck of the Yantian Express and the subsequent firefighting efforts on the vessel. How does demurrage, detention and port charges work..?? There have been two recent incidents over the past month where general average was declared by shipowners, leaving many importers wondering what general average is and how it works. EC5/ Yantian Express – Update on General Average and Salvage Security. https://ecomm.one-line.com/ecom/CUP_HOM_3000-CMS.do?redir=Y, Subscribe to our mailing list to receive the latest updates from ONE, © Ocean Network Express Pte. The current position of YANTIAN EXPRESS is at South East Asia (coordinates 12.29233 N / 100.82017 E) reported 4 days ago by AIS. Currently, the vessel is underway and is expected to arrive in Freeport, Bahamas, next week for recovery and assessment of the cargo. It would be upto the Average Adjusters appointed.. Notify me of follow-up comments by email. The Salvors are entitled to retain the cargo after the termination of services under the LOF, until salvage security is provided by the cargo owners.. Cloudflare Ray ID: 5ee7111abc602fa5 Hi Capt, that information is yet to be discussed/announced seeing the ship will reach Freeport only around 1st of Feb.. Performance & security by Cloudflare, Please complete the security check to access. How does demurrage, detention and port charges work..?? Customs Broker, Freight Forwarding & Trade Compliance Services. In a press release, ONE (Ocean Network Express) one of the alliance partners of Hapag Lloyd, have released further information relating to the Yantian Express which declared General Average on the 25th of January 2019.. Further to our Customer Advisory dated January 25, 2019 regarding the container fire on board MV “Yantian Express”, we wish to inform you that following declaration of General Average (as attached), Richards Hogg Lindley, General Average and Salvage Adjusters have been appointed as collecting agents to prepare the General Average and Salvage adjustment and to collect General Average and Salvage security from each of the parties concerned in the cargo on board. The ship is at the moment in Freeport, the Bahamas, in a shipyard designated exclusively to receive the distressed containers/cargo due to reasons of security, health, safety and environmental considerations.. The shipowner, container and cargo owners will all have to contribute to a fund to compensate for costs that allow for the safe preservation of the ship and the cargo. Notify me of follow-up comments by email. https://www.one-line.com/en/news/general-average-declared-yantian-express-0 However, all other customers are kindly reminded, that: I dont understand this. The “Yantian Express” suffered a major fire resulting in both the vessel and a portion of the cargo suffering either fire or water damage.. SMIT Salvage Americas, LLC have been engaged as salvors for this vessel under a Lloyds Open Form contract (LOF).. We will not share your information with any third party organisations. Ltd. All rights reserved. The vessel is en route to the port of Vung Tau, sailing at a speed of 20.6 knots and expected to arrive there on Oct 30, 10:00.. We encourage you to review these documents carefully. So it is in the interest of the uninsured cargo owners (shippers and their agents) to put down a bond to cover the value of cargo that is less that the General Average? Their contact details are set out below: Richards Hogg Lindley Average Adjusters and Marine Claims Consultants. What is a Delivery Order and who issues it..?? In their advisory, ONE advised their clients that they are currently exploring available options for the containers and cargoes which are considered unaffected by the fire and are in a dry and sound condition, and hope to advise everyone soon on this development.. Please contact us if you have questions about general average or cargo insurance. Read product reviews of some of the leading brands in the industry.. From the United States and Canada, please call our toll-free customer service line 844 413 6029, select Option 2 for Import Services and then Option 3 for information on the Yantian Express. Digitalisation of Chinese Freight Industry – research report, Fonterra completes first blockchain trade transaction using Wave’s BL. Learn how your comment data is processed. Dear Valued ONE Customer, As you should be aware by now, General Average was declared for the Yantian Express in late January 2019. Copyright © 2020 A.N. You may need to download version 2.0 now from the Chrome Web Store. The vessel is expected proceed to Halifax, Nova Scotia (original destination) for delivery of remaining containers onboard.. In case you have shipments that were loaded onboard for this voyage, please understand that the cargo will only be released upon provision of the required security. This website saves cookies in your computer. On 3 January, 2019 whilst the vessel was on passage from Colombo to Halifax (via the Suez Canal on the East Coast Loop 5 (EC5 Service), a fire broke out on deck and towards the fore end (in the vicinity of holds 1 and 2) of the vessel and spread to additional containers. A.N. Do I need cargo insurance for my shipment..?? This means that prior to anyone’s cargo being released, all cargo interests will be required to contribute to the General Average fund.. Learn how your comment data is processed. Digitalisation of Chinese Freight Industry – research report, Fonterra completes first blockchain trade transaction using Wave’s BL. Digitalisation of Chinese Freight Industry – research report, Fonterra completes first blockchain trade transaction using Wave’s BL. General Average is declared when an extraordinary event occurs that threatens the safety of a ship, its cargo and its personnel.. General Average is a legal principle of Maritime Law under which, all parties who are involved in that voyage, shall be asked to proportionally share the losses resulting from such sacrifice.. All parties including the merchants whose cargoes landed safely would also be called upon to contribute a portion (based upon a share or percentage) to the affected parties which could be the shipowner, merchant or merchants whose goods were jettisoned or damaged in the process of preserving the safety of the ship and/or crew.. The approval is expected to be received in the next few days and this discharge is said to take approximately two months.. Deringer, Inc. All Rights Reserved. All cargo interests (except where cargo was determined to be a total loss) are required to post General Average and Salvage Security. when it arrives in Freeport around the 1st of Feb 2019.. On January 25, 2019, Hapag Lloyd declared “General Average” for the Yantian Express.. Rule A1 of the York-Antwerp rule states “There is a general average act when, and only when, any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure.”. The Port Authority is monitoring the preparation of the site and is yet to give their final approval to commence discharge operations.. This site uses Akismet to reduce spam. General average declared for Yantian Express Almost four weeks after the fire first broke out, a general average has been declared for the Hapag-Lloyd owned Yantian Express. Read product reviews of some of the leading brands in the industry.. What would you like me to write about..?. She is now heading for Freeport in the Bahamas under the control of salvors Smit. In order to assist the progress of vessel operational proceedings and salvage company approval, the lines are appealing to all cargo interests to provide the requested General Average and Salvage security in order to allow the containers to be delivered.. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. What is a Delivery Order and who issues it..?? Findings of the Maersk Honam fire by TSIB – what really happened.. Contour partners with CargoX to transform bills of lading, Integrated logistics to enable efficient distribution of COVID-19 vaccine, IMO working group agrees further measures to cut ship emissions, The ROI of integrating visibility into your door to door supply chain, ERP Software and its utilisation in the Ports & Shipping Industry. The container fire that broke out was largely contained and brought under control after one week and the ship sailed to the Port of Freeport (Bahamas) for further recovery and cargo damage assessment. If you can’t find what you are looking for, enter the search term in the search bar below (and hit enter). General Average is a principal in maritime law under which all parties with a financial interest in the voyage are to proportionally share … Dependent on final technical approval of vessel class, arrival of spare parts and conclusion of repairs, MV “Yantian Express” is now tentatively scheduled to depart from Freeport, Bahamas on May 15, 2019 with an ETA to Halifax, Nova Scotia on May 19, 2019. General Average was formally declared by the owners of the vessel Yantian Express v108E in the EC5 service string. In the meantime, pending final technical approval of vessel class and refitting of hatch covers, the Yantian Express is expected to depart from Freeport, Bahamas in the first half of May 2019 with the balance of cargo that is still on board..
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