[ponker]

Sounds like a horrible idea since the insurance pool is limited to the size of the ship. Hopefully at least it’s averaged by value rather than number of containers so that if someone is shipping corn and a container of iPhones gets jettisoned they don’t get a bill for their life savings.

[wolfgang42]

Yes, the idea is that everyone loses the same percentage of what they had (including the ship owner—the value of the ship before and after the incident is also included in the calculation). General Average long predates modern containerized shipping, so doing it by container count wouldn’t have been a thing anyway.

[1123581321]

A larger pool would require more frequent payouts to other vessels, or collecting regular premiums.