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97,622,760$dictionary by merriam-webster: america's most-trusted online dictionary
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the leading source for trustworthy and timely health and medical news and information. providing credible health information, supportive community, and educational services by blending award-winning expertise in content, community services, expert commentary, and medical review.
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Related websites
General average - Wikipedia
WEBThe law of general average is a principle of maritime law whereby all stakeholders in a sea venture proportionately share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.
En.wikipedia.orgGeneral average – what is it and how to calculate it? - ShipHub
WEBThe general average is any extraordinary sacrifice or expenditure that is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure (York-Antwerp Rules).
Shiphub.coUNDERSTANDING THE LAW OF GENERAL AVERAGE: A …
WEBSep 19, 2023 · What is the Law of general average and how does it affect maritime shipping? The Law of general average is a maritime principle that stipulates that all parties involved in a sea voyage share the financial burden of losses incurred voluntarily to save the voyage from imminent peril.
Info.kerrylogisticsoceania.comFULL GUIDE ON GENERAL AVERAGE: WHAT IS IT AND HOW …
WEBJul 26, 2024 · general average (GA) is a well-established principle in maritime law that comes into play during emergencies at sea. It applies when a voluntary sacrifice of part of the ship or cargo becomes necessary to preserve the safety of the entire venture – the ship, remaining cargo, and freight.
Atlanticprojectcargo.comThe Role of General Average in the Maritime Industry - Marine …
WEBJan 30, 2024 · “general average” is a term used in the maritime industry to define shares in a common loss during a maritime accident. Defined by York Antwerp Rules 1994 of general average, these rules lay guidelines for the distribution of loss in an event when cargo has to be jettisoned in order to save the ship, crew, or the remaining cargo.
Marineinsight.comGeneral Average Explained: What Shippers Need to Know
WEBgeneral average is a principle of maritime law establishing that all cargo owners on a vessel share liabilities and losses that may occur. This means if a shipper’s cargo is involved in such an incident, even if their goods are not damaged, they must still contribute financially to the loss.
Shapiro.comWhat Is General Average in Maritime Insurance - IncoDocs
WEBMay 15, 2024 · general average is a principle in maritime insurance where a deliberate sacrifice of part of a ship or its cargo is made to save the entirety in the face of peril. This concept has ancient origins, tracing back to the Lex Rhodia, a …
Incodocs.comGeneral Average or Average - Admiralty Practice
WEBIt's essential to distinguish between general average and particular average. general average involves a collective sacrifice for the common benefit, while particular average pertains to individual losses borne by specific parties without a shared burden.
Admiraltypractice.comYork Antwerp Rules and General Average, Everything you Need …
WEBOct 7, 2016 · This is what York Antwerp rules aims to do. The process of averaging the contribution of each party (who benefitted) to make up one party’s loss (Sacrifice as well as expenditures) is called “ general average “. general average is based upon the principle.
Myseatime.comWhat is meant by general average and when does it occur?
WEBJul 11, 2022 · general average is a risk-sharing concept that applies when the losses sustained by some involved in a maritime accident are mitigated by those who suffer no loss. It's all about sharing risks and costs associated with uncertain events. Who and what can trigger general average? A vessel owner can declare general average.
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