A financial loss due to damage to transported goods; compensation for damage or loss.
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Example
Historically, the courts have allowed a general average claim only where the loss occurred as a result of the ship being in immediate peril.[…]The court awarded the carrier the general average claim. It noted that “a ship′s master should not be discouraged from taking timely action to avert a disaster,” and need not be in actual peril to claim general average.
Order number
3
Part of speech
noun
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