general average contribution
1general average contribution — The amount of money paid by each shipper involved in a general average. Bloomberg Financial Dictionary * * * general average contribution general average contribution ➔ contribution * * * general average contribution UK US noun [C] INSURANCE, LAW …
2general average contribution — Such arises from an ancient maritime doctrine making all participants in a maritime venture ratably responsible for losses incurred for their common good. Atlantic Richfield Co. v. U.S., C.A.Tex., 640 F.2d 759, 764. Contribution by all parties in …
3general average contribution — Such arises from an ancient maritime doctrine making all participants in a maritime venture ratably responsible for losses incurred for their common good. Atlantic Richfield Co. v. U.S., C.A.Tex., 640 F.2d 759, 764. Contribution by all parties in …
4general average contribution — See general average …
5general average bond — Type of bond required by master of ship as security for general average contribution before master delivers the cargo …
6general average loss — Loss at sea commonly sustained when cargo is thrown overboard to save ship. Such loss is generally shared by shipowner and owners of cargo. See general average contribution jettison …
7general average bond — Type of bond required by master of ship as security for general average contribution before master delivers the cargo …
8general average loss — Loss at sea commonly sustained when cargo is thrown overboard to save ship. Such loss is generally shared by shipowner and owners of cargo. See general average contribution jettison …
9General average/New version — Average in maritime commerce to signify damages orexpenses resulting from the accidents of navigation. Average is either general or particular. General average arises when sacrifices have been made, or expenditures incurred, for the preservation… …
10General average — Average Av er*age, n. [OF. average, LL. averagium, prob. fr. OF. aver, F. avoir, property, horses, cattle, etc.; prop. infin., to have, from L. habere to have. Cf. F. av[ e]rage small cattle, and avarie (perh. of different origin) damage to ship… …
