Unless a private settlement is made between finder and property owner, the award is decided by a civil court having Admiralty jurisdiction.
A signed undertaking given by cargo receivers stating that, in return for delivery to them or to their order of the goods noted in the bond, they agree to pay the proper proportion of any general average charges (and salvage or special charges) which may thereafter be ascertained to be due from the goods. Lloyd's Average Bond form (LAB 77) is normally used.
At least: name and IMO number of receiving ship; port; date of commencement of delivery; name, address and telephone number of marine fuel oil supplier; product name(s); quantity (metric tons); density at 15°C (kg/m3); sulphur content (% m/m); and a declaration signed and certified by the fuel oil supplier's representative that the fuel oil supplied is in conformity withregulation 14(1) or (4)(a) and regulation 18(1) of MARPOL Annex VI.
Information related to the ship, its machinery and equipment or to rule requirements which does not require survey or corrective action, e. g. exemptions from rule requirements. MOs (or "class memoranda") may be issued relating to items considered to be of no immediate material significance regarding safety, but which may be of use to owners.
He should follow the average adjuster's advice, which will normally be to obtain Average Bonds and Guarantees on all sound cargo being discharged after the general average act, and to accumulate evidence required for the adjustment. The adjuster will make an estimate of the total value of the loss or damage and advise the shipowner of the rate of contribution required from each party.