General Average

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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.

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General averages similarly do not cover losses resulting from delays.

Piracy's impact on insurance

These centers often experience an absenteeism rote of 30% to 40% on any given day, whereas the absenteeism rate for industry in general averages 5% to 20%, depending upon the particular business, said Dr.

Calls for a cure: with flexible schedules and ergonomic accommodations, companies can curb high absenteeism at their call centers

The company has beaten the S&P 500 return in three of the last four years, losing out to the general averages only in 2003, when OII returned 'only' 13.

Zacks Buy List Highlights: P.T. Telekomunikasi Indonesia Tbk, Harsco Corporation, Oceaneering International, Inc., and ING Group

Pricing at Payless in general averages under $20 an item for shoes and accessories from the Payless branded collection.

Payless Kicks Off the Back-to-School Season With Select Shoes Under $10 a Pair and New Program to Make Gearing Up for School Easier on Parents