General Average (noun) Definition, Meaning & Examples

noun
  1. any damage or loss to a ship or its cargo voluntarily sustained, as freight jettisoned in a storm, by all parties to a voyage (distinguished from particular average). Abbreviation: G.A.
noun
  1. loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners
General Average (noun) Definition, Meaning & Examples

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