Free Republic
Browse
·
Search
General/Chat
Topics
·
Post Article
To:
Kartographer
“General Average”. Learned something new about maritime law.
3
posted on
03/31/2022 9:25:50 PM PDT
by
House Atreides
[
Post Reply
|
Private Reply
|
To 1
|
View Replies
]
To:
House Atreides
The 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. For instance, should the crew jettison some cargo overboard to lighten the ship in a storm, the loss would be shared pro rata by both the carrier[1] and the cargo-owners.
10
posted on
04/01/2022 12:05:00 AM PDT
by
the_daug
( )
[
Post Reply
|
Private Reply
|
To 3
|
View Replies
]
Free Republic
Browse
·
Search
General/Chat
Topics
·
Post Article
FreeRepublic
, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson