Meaning Of The Word General average
What's the definition of General average? Find General average meanings, definitions and more at the Real Dictionary online.
General average Meaning
| General average Definition |
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What's The Definition Of General average?
general average in American English
noun: 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) general average in British English noun: loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners general average in Insurance noun: General average is loss or damage to a ship or its cargo that is shared among the owners of the ship and cargo. |
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