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Definition Of:

General Average

Transportation DictionaryBTS Transportation Dictionary
A general loss voluntarily incurred to save all interest involved in a common maritime adventure from an impending peril including hull, cargo, and freight at risk. (TNDOT1)
Transportation DictionaryShipping Dictionary
General average is an unwritten, non-statutory, international maritime law which is universally recognized and applied. It is founded on the principle that vessel and goods are parties to the same venture and share exposure to the same perils, which may require sacrifice or the incurring of extraordinary expense on the part of one for the benefit of the whole venture.
Transportation Dictionary2K Group Shipping Dictionary
General average is an unwritten, non-statutory, international maritime law which is universally recognized and applied. It is founded on the principle that vessel and goods are parties to the same venture and share exposure to the same perils, which may require sacrifice or the incurring of extraordinary expense on the part of one for the benefit of the whole venture.
See also: TC , RFA , TAF , UCLAF , WORM

 

Transportation Dictionary INDEX:

List of Terms: Terms beginning with "A", Page 1

Starts With:      A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3
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A: Page 1 of 6.

A.M. Peak Period
AAR
AB Valve
ABC
ABD Valve
ABDW Valve
ACFC
ACH
ACL
ACPI
ACS
ACSE
ACTS
ADP
ADSL
ADSP
ADTC
AEI Tag
AEP
AF
AFAIK
AFIPS
AFK
AFP
AFS
AG
AGP
AI
AIE
AIFF
AIX
ALU
AMS
ANSI
ANZEB
AOEMA
AOL
AP
APA
APAG
APCUUG
APE
APEC
API
APL
APPC
APPN
ARCnet
ARP
ARPA
ARPANet
ARS
ARU
AS
ASC
ASCII
ASEB
ASF
ASL
ASN
ASP
AT&T
ATM
ATMI
ATP
ATR
ATS
AUI
AVI
AZEB
Abaft
Abandoned Runway
Abbreviated Injur...Abbreviated Instr...Abeam
Abort
Absolute Block
Absolute Permissi...
Absolute Signal
Accelerate Stop D...Acceleration Power
Access Restrictio...Access Rights
Accessible Stations
Accessible Vehicles
Accessory or Auxi...Accident
Accident Classes
Accident Conseque...Accident Incident
Accident Severity
Accident Type
Accident1
Accident2
Accident3
Accident4
Accident5
Accounting Change...Accreditation


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