The Suez blockade is costing homeowners goods on the affected vessel. The General Average Maritime Law generates costs for uninsured shippers that can reach up to half the value of the goods
In the event of a maritime incident, the General Average / GA law applies, which is a principle of maritime law, whereby all parties involved in a maritime incident proportionally share the costs resulting from rescuing or restoring the ship. . “General average” (GA) has its origins in ancient maritime laws, and its principle applies in all countries.