• OLC Team Members
• February 26, 2025
• Educational/How-To Guides
• Cargo Insurance, Cargo Owners, Freight Forwarding, General Average, International Shipping, Logistics, Maritime Law, OLC Shipping Line, Sea Freight, Shared Losses, Shipping Container
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Table of Content When it comes to shipping goods by sea, there’s a concept called shared losses that every cargo owner should know about. But what does it mean, and why is it important? In simple terms, shared losses happen when some goods are sacrificed to save a ship during an emergency, and all cargo owners must share the cost …