General Average definition
General Average means the declaration by the shipping line calling for contributions for losses, costs, or expenses, including but not limited to salvage costs, under a contract of affreightment;
General Average means the general average and salvage charges incurred to avoid a loss covered under this policy that are determined by the contract of carriage, and/or governing law and practice of carriage.
General Average means any General Average claims that arise from the voluntary sacrifice of a cargo ship's cargo, equipment or voyage, to save the vessel;
Examples of General Average in a sentence
If an insured vehicle is transported by sea or air between places in New Zealand during the period of insurance, Section 2 covers your liability for any resulting General Average and salvage charges recoverable from it at law.
More Definitions of General Average
General Average means a declaration by the shipping line calling for contributions for losses, costs, and expenses, including but not limited to salvage charges under a contract of affreightment such as a bill of lading or similar;
General Average means the apportionment of financial liability for the loss arising from the jettisoning of Goods by dividing the costs among all those whose property (ship or cargo) was preserved by the action;
General Average means any extraordinary sacrifice or expenditure that is voluntarily and reasonably made or incurred for the purpose of preserving property at risk in a Sea voyage.
General Average means the declaration by the shipping line calling for contributions for losses, costs, or expenses,
General Average. In water transportation, the deliberate sacrifice of cargo to make the vessel safe for the remaining cargo. Those sharing in the spared cargo proportionately cover the loss. Generator Set (Gen Set) : A portable generator which can be attached to a refrigerated container to power the refrigeration unit during transit. Gross Weight : Entire weight of goods, packaging and freight car or container, ready for shipment. Generally, 80,000 pounds maximum container, cargo and tractor for highway transport. Groupage : A consolidation service, putting small shipments into containers for shipment. The Hague Rules : A multilateral maritime treaty adopted in 1921 (at The Hague, Netherlands). Standardizes liability of an international carrier under the Ocean B/L. Establishes a legal ”floor” for
General Average means a declaration by the shipping line calling for contributions for losses,
General Average means exceptional expenditures or sacrifices intentionally and reasonably incurred to preserve and/or save a vessel, goods and freight from a common peril.