General average

A loss that affects all cargo interests on board vessel as the ship herself. A general average loss may occur whether goods are insured or not. It is one that results from an intentional sacrifice incurred by the master of a vessel in time of danger for the benefit of both ship and cargo. From the most ancient times, the maritime laws of all trading nation have held that such a sacrifice shall be borne by all for whose benefit the sacrifice was made, and alone by the owner of the cargo thrown overboard.

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