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What forms can general average take?

General average acts, general average sacrifices, and general average expenditure.

A general average act is, for example, the act of refloating a stranded ship. A general average sacrifice might be the jettison of cargo to assist refloating, or rudder damage sustained during the refloating operation. General average expenditure might include a salvor’s reward and expenses incurred at a port of refuge.

 

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Written by Ship Inspection

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Under what rules is general average usually adjusted?

On what basis do the parties to a common adventure contribute to general average?