Definition in marine insurance, the adjustment of a loss when cargo on board a ship belonging to one or more owners has been sacrificed for the safety of the whole, whereby the amount of the loss is shared by all who have shipped cargo in the vessel Reference The Oxford Companion to Ships and the Sea (2 ed.), Oxford University Press Print Publication Date: 2006 Print ISBN-13: 9780199205684, Current Online Version: 2007, http://www.oxfordreference.com/view/10.1093/acref/9780199205684.001.0001/acref-9780199205684-e-1093?rskey=oWkdDx&result=1 [8.3.2018]
Comment See also:- particular average (related) [ IATE:1355633 ]- average (broader) [ IATE:1239255 ]- York-Antwerp rules (related) [ IATE:1899147 ]
Definition dépenses extraordinaires supportées par le propriétaire et les affréteurs d'un navire pour compenser la perte d'une partie de la cargaison afin d'assurer la sécurité d'un navire et de sa cargaison Reference NF K 01-001:1979