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In a General Average, it is the shipowners and/or the charterers
who bear the burden of gathering the necessary details concerning
the cargo and other interests onboard, obtaining the required security
and promptly releasing the cargo to its receivers. Braden Marine
can assist shipowners, charterers and other General Average adjusters
in the collection of the security at the outset and effecting settlements
with the various parties, upon completion of an adjustment.
The salvage of a vessel will usually lead to security being required
by salvors from the various parties involved in the salved vessel
and its cargo. Braden Marine also collects salvage security, either
independently or in conjunction with the collection of General Average
security.
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