What is general average ?
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A general average situation occurs when there is an extra ordinary sacrifice or expenditure resulting from an intentional act which is reasonably made for the common safety of ship, cargo and freight. in situation of peril, for the safety of maritime adventure,
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As per york Antwerp Rules 1994 "There is a general average act when and only when, any extraordinary sacrifice or expenditure is intentionally or resonably made or incurred for the common safety for the purpose of preventing from peril the property involves in a common maritime adventure"
MMD / MCA ORALS MASTER EXAM
