General Average


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Related to General Average: Particular average

General Average

Provision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.

General Average

In maritime law, a form of insurance with the condition that if one company's cargo must be thrown overboard in order to save the ship from sinking, all other companies with cargo on the ship pay restitution. The form of the general average is agreed upon in advance; normally, the companies pay in proportion to the amount of cargo they each had on the ship. This is done to reduce risk to all companies using a ship to transport their goods.
References in periodicals archive ?
In this case the freight is sacrificed equally and it will be allowed as general average.
A basic understanding of general average is based on several understandings, all of which are present in the 1869 finding of the U.S.
According to this clause general average and salvage charges adjustment would be made according to the stipulation/rules/regulations in force e.g.
As a result of the law of general average, there are many variances in practice as to who should bear the loss, the applicable rules, and how and where to bring a claim.
3 Whatsapp enhances effort of 71 72.4 13 13.3 member of staff and investing time and effort in planning for learners' experiences 6 Whatsapp facilitates for student 67 68.4 18 18.4 access to scientific material in any time and place 1 Whatsapp provides quickly and 69 70.4 13 13.3 intensive information for learners 2 Whatsapp enables the female 36 64.3 13 13.3 student to make use of educational internet programs that enrich with curriculums, including documentaries General average Level of Acceptance Average No No.
For the diameter of the fruit (FRD) a greater variability was detected, having seven classes been identified, with a maximum average of 3.75cm for the IFES 8 accession, and minimum of 0.3cm for the IFES 21 and general average for the character of 1.60cm.
This article, therefore, examines the pertinent correlation between international trade and general average by showing how general average emerged as a result of the dictates of international trade, how changes in international trade, the shipping industry, and the effects of international trade have led to relevant changes in the YAR over the course of a century.
It is good in the sense that there will be a single international instrument governing the whole issue except that Party States will have to define the scope and extent of "General Average" in their own law.
The general average [+ or -]DE for weight at weaning (WW) corrected at 205 days was 188.0 [+ or -] 37.7 kg.
Part 2 focuses on maritime law, with chapters on many topics, including maritime liens and mortgages, master and crew, the bill of lading, piloting, salvage and assistance, general average and particular average, collisions, pollution, and arrest of ships.
The Justinian Code (Corpus Juris Civilis Iustinianus) included the earlier Rhodian law of jettison, that when some goods had to be thrown overboard to save the vessel, those whose goods survived shared in the loss on the basis of the general average value of what was sacrificed.
| KUWAIT, Aug 11 (KUNA) -- General average of inflation in Kuwait might increase by 2.5 percent this year and by 3.5 percent next year, Kuwait Finance House (KFH) said Sunday.

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