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General Average Loss

See also

A loss arising out of voluntary sacrifice made, or extraordinary expense incurred,… (Read more)

General Average Loss in Maritime Law

Note: There is more information on maritime/admiralty law here.

The following is a definition of General Average Loss, produced by Tetley, in the context of admiralty law: [Translation of General Average Loss in French: “perte d’avarie commune”] [Translation of General Average Loss in Spanish: “pérdida de avería común”] [Translation of General Average Loss in Italian: “perdita d’avaria comune”] [Translation of General Average Loss in German: “Gemeinschaftlicher Havarieschaden”] – “A general average loss is a loss caused by or directly consequential on a general average act. It includes a general average expenditure as well as a general average sacrifice” (Marine Insurance Act, 1906, sect. 66(1)). See Tetley, Int’l. M. & A. L., 2003 at p. 610.

General Average Loss in Admiralty Law

For information on general average loss in this context, see the entry on general average loss in the maritime law encyclopedia.

What is General Average Loss?

A definition of general average loss is: Loss at sea commonly sustained when cargo is thrown overboard to save ship. More details on the Encyclopedia. Such loss is generally shared by shipowner and owners of cargo.[1]

Resources

Notes

1. “General Average Loss” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

See Also

• General average contribution
• Jettison