Hapag-Lloyd, German liner shipping company, declared General Average concerning Yantian Express containership, that was stroke by fire. In conjunction with declaring General Average, the owners will set Average Adjusters that will be responsible for coordinating the collection of securities ans all documentation needed from parties that have interests in cargo, containers, vessel and fuel.
Mainly, General Average is a state in the maritime law according to which all parties with financial interest in a vessel, will proportionally divide the losses that resulted from the incident. Consequently, the costs will preserve the vessel and its cargo and also all cargo interests will be required to contribute to the General Average fund.
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The company reported that professional salvors will continue to assess the situation based upon relevant factors such as safety and operational items, in order to best determine the vessel’s next port of call.
At this point in time we would ask that all US consignees and brokers retract their US customs entries, if previously made for the MV Yantian Express on the intended port calls. This should be performed as soon as possible, however no later than January 28, 2019.
Moreover, the company noted that it intends to remove the manifest from this vessel from the USCBP/ACE files on January 29. Any subsequent customs handling instructions will be provided once more details are available.
Concluding, Yantian Express is heading to the Port of Freeport, Bahamas for the recovery and assessment efforts of the cargo to continue in a safer environment.
