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General Average by w464fc8nsf is a document available to read on EtoBox.

What is General Average about?

The document explains the concepts of Average, Particular Average, and General Average in maritime insurance. Particular Average refers to accidental partial loss covered by Hull and Machinery Insurance, while General Average involves shared costs among all beneficiaries of a maritime activity, typically covered by P&I insurance. It also outlines the procedures to follow when General Average is declared, including maintaining a log and expense file.

Author

w464fc8nsf

Language

EN