![]() ![]() In this unique moment, companies can learn and progress more quickly than ever before. ![]() If a silver lining can be found, it might be in the falling barriers to improvisation and experimentation that have emerged among customers, markets, regulators, and organizations. A world in which agile ways of working are a prerequisite to meeting seemingly daily changes to customer behavior. A world in which digital channels become the primary (and, in some cases, sole) customer-engagement model, and automated processes become a primary driver of productivity-and the basis of flexible, transparent, and stable supply chains. The COVID-19 crisis seemingly provides a sudden glimpse into a future world, one in which digital has become central to every interaction, forcing both organizations and individuals further up the adoption curve almost overnight. ![]() How healthcare providers have moved rapidly into telehealth, insurers into self-service claims assessment, and retailers into contactless shopping and delivery. Consider how Asian banks have swiftly migrated physical channels online. The quickening is evident already across sectors and geographies. In one European survey, about 70 percent of executives from Austria, Germany, and Switzerland said the pandemic is likely to accelerate the pace of their digital transformation. Businesses that once mapped digital strategy in one- to three-year phases must now scale their initiatives in a matter of days or weeks. It is likely that the cargo owners with goods aboard the Ever Forward are looking over their policies now.If the pace of the pre-coronavirus world was already fast, the luxury of time now seems to have disappeared completely. Cargo insurance helps provide peace of mind while protecting your financial interests. Depending on the type of coverage you opt for, you will be protected against various perils your cargo and the ship may face at sea-including General Average calls. Luckily, cargo insurance can protect your financial interests in the event of unforeseen issues arising. Ocean voyages pose constant dangers to vessels and the cargo aboard them. The origins of General Average date back to the York-Antwerp Rules of 1890, but have obviously been modified numerous times since to adapt to modern supply chain conditions, most recently in 2004. The basis behind this principle is that a party who has suffered extreme financial loss in order to save property belonging to others has the right to be compensated for such loss. In a statement, Evergreen said General Average has been declared “in light of the increasing costs arising from the continued attempts to refloat the vessel.” General Average is a principle of maritime law that essentially establishes that all sea cargo stakeholders (owner, shipper, etc.) evenly share any damage or losses that may occur as a result of voluntary sacrifice of part of the vessel or cargo to save the whole in an emergency. The Taiwanese liner Evergreen Marine declared general average for cargo owners on its 12,000 teu following two unsuccessful attempts to refloat the ship in Chesapeake Bay.įollowing the dredging operation, which began on March 20, two efforts to refloat the vessel in the Chesapeake Bay, Maryland proved unsuccessful after tugs failed to dislodge it on March 29 and 30 as there did not seem to be any movement of the ship. No damage to the vessel was identified at that time. On March 13 at 20:40 EDT, the Ever Forward ran aground while departing the Port of Baltimore. ![]()
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