Average Agreement

Average Agreement

In marine insurance, a contract in which the shipper pays a premium in exchange for general average coverage. That is, in the event of a loss, the insurer agrees to pay a percentage of the value of the total value of the shipper's cargo.
References in periodicals archive ?
Tenants at CBX have been so impressed by the service and facilities which include a Starbucks coffee shop, restaurant, conference centre and free parking that to date the CBX is 96% occupied, boasting an 88% retention rate, with and average agreement length of circa 27 months.
The study found that the average agreement in the United States is written at a 12th grade level -- well above the ability of four out of five adults to understand what they are reading.
Offering best-in-class inter-instrument agreement, this proprietary spectral engine yields an average agreement of .