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What is Understanding Particular and General Average about?

This document provides information on particular average loss, general average loss, and the York/Antwerp Rules for settling general average claims in marine insurance. It defines particular average loss as a partial loss caused by an insured accident that the owner must pay, while general average loss is a partial loss caused by a general average act where multiple parties contribute. The York/Antwerp Rules provide standard procedures for adjusting general average claims. The document also discusses roles

Author

saif

Language

EN