Just a correction (minute 1:03) the definition of GA should be amended to read "for" the purpose of preserving from peril. It makes all of the difference!
If we order products that were being shipped overseas and one of these instances occurred, would the buyers of the individual products be held responsible? Or would the companies that are paying ships to ship goods be held responsible?
@@Traderiskguaranty-TRG It gave me a good visual. I just passed my exam unfortunately this question was nowhere on it. But, one thing I'd like to point out is piracy is an exclusion. Theft, however is covered if while docked for instance.
![Introduction to General Average [Webinar]](http://i.ytimg.com/vi/8qVs-inTcBc/mqdefault.jpg)
Just a correction (minute 1:03) the definition of GA should be amended to read "for" the purpose of preserving from peril. It makes all of the difference!
Informative. Thank you! ❤
Thanks for watching!
If we order products that were being shipped overseas and one of these instances occurred, would the buyers of the individual products be held responsible? Or would the companies that are paying ships to ship goods be held responsible?
Just came here after the Suez canal crisis of Evergiven!! Sorry for all those shippers without insurance!!!
Amazingly amazing.
Thank you! We are glad you enjoyed this video!
Nice explanation ... but your ship is going backwards (astern in ship talk)
Thanks for the note! Don't know how that went unnoticed through editing. We will update it on future videos.
So cute images…..
Ничего не понял, но очень интересно...
Anyone else watch this for CPCU 552?
Did this video help you better understand General Average for your exam?
@@Traderiskguaranty-TRG It gave me a good visual. I just passed my exam unfortunately this question was nowhere on it. But, one thing I'd like to point out is piracy is an exclusion. Theft, however is covered if while docked for instance.