For those of you ever tempted to ship without insurance spare a thought for the for those who have shipped goods on the Rena.
The cost of recovery of the containers under general average falls on the heads of the shippers, or their insurance company, if you have inadequate insurance against the loss of the cargo you are liable for the clean up by virtue of the fact you hired to vessel so contributed to its loss.
So if you are shipping a few bikes just make sure your insurance is straight.
http://tvnz.co.nz/national-news/rena-cargo-owners-could-hit-massive-bill-4583115
