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What steps should the shipowner take after declaring general average?

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.

 

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What is general average security, and why is it required?

How, and where, should general average be declared?