What is the purpose of general average?

To ensure that the owner of a ship or cargo who has incurred an expenditure or suffered a sacrifice of his property in order to extricate the ship (and consequently the cargo) from a perilous position receives a contribution to his loss from all those who have benefited from the action.


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Written by Ship Inspection

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What is the maxim that summarises the basic principle of general average?

What equipment and services should a repairer or drydock company normally have to supply to the ship under their contract with the owners?