Insurance Issues in the Wake of Ever Given
Issues around the Ever Given’s stranding are complex and potentially open up several avenues for insureds to collect under the cargo policy.
The running aground of the 1,312-foot Ever Given cargo ship in the Suez Canal was a historic event but only just the latest in a growing number of cargo transportation issues.
More than 400 ships were stranded during the six-day blockage of the canal, which is one of the world’s busiest channels, handling roughly 30% of container volume transits and the shortest Asia-Europe trade route.
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