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Definitions from the Web

general average

Part of speech: noun

Sense: In maritime law, a principle by which all parties contribute proportionally to any loss or damage to ship or cargo for the common good of all.

Usage:

• The concept of general average is crucial in ensuring fair distribution of costs in maritime emergencies.
• The ship owners declared general average after a fire broke out onboard.

Related products on Amazon: Maritime Law, Shipping Insurance