Particular average and particular charge .what is the difference ?
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(1) A particular average loss is a loss of the subject-matter insured that is caused by a peril insured against and is not a general average loss, but does not include particular charges.
Marginal note:Particular charges
(2) Particular charges are expenses incurred by or on behalf of an insured for the purpose of preserving the subject-matter insured from a peril insured against, but do not include a general average loss or salvage charges.
MMD / MCA ORALS MASTER EXAM
