What type of insurance policy protects against general average losses? – IILSS-International institute for Law of the Sea Studies

LAW OF GENERAL AVERAGE

IILSS 9th July 2022General average & particular average definition How do you calculate general average?How is general average calculated in college?How is general average calculated in shipping?How would you explain general average to a customer?What are the elements of general average?What general average means in maritime law?What is a general average Declaration?What is a general average event?What is an example of general average?What is contributory value in general average?What is GA claim?What is GA in marine insurance?What is general average and particular average?What is general average and salvage?What is General Average?What is General Average? video What is meant by general average in maritime law?What is the history of general average?What is the meaning of general average loss?What type of insurance policy protects against general average losses?Who contributed to general average?Why is general average important?

If the common adventure consisting of the ship and the cargo is exposed to a peril at sea, the losses and expenses which are intentionally incurred to save the common adventure from the peril shall be shared by the saved interests in proportion to their values.