Particular average and particular charge .what is the difference ?



282 Views | Rishi Kashyap | ANSWER |
JAHAJEE.com user
17
X
0

(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.

Prabhat Gupta | | EDIT | REPLY


tags  MMD / MCA ORALS MASTER EXAM
SHARE Whatsapp Facebook Twitter To TOP