in

Under the York-Antwerp Rules, what are the necessary elements for a sacrifice or expenditure to qualify as a general average act?

(1) The sacrifice or expenditure must be extraordinary. 

(2) The sacrifice or expenditure must be reasonable. (3) The act must be intentional or voluntary, and not inevitable. (4) There must be a peril. (5) The action taken must be for the common safety and not merely for the safety of part of the property involved.

 

Share this:

Written by Ship Inspection

Leave a Reply

    What is meant by “extraordinary sacrifice or expenditure”?

    Could general average be adjusted under any rules other than the York-Antwerp Rules?