Complete the statement below by filling in the blank with the appropriate specialized register term.
Cevap:When cargo is voluntarily thrown overboard to lighten a distressed vessel and preserve the common maritime venture, the resulting loss shared proportionally by all interested parties is known in admiralty law as general 【average】.
Cevap
average
In maritime law and shipping registers, 'general average' is a legal principle where all cargo owners and shipowners proportionally share any financial losses resulting from a voluntary emergency sacrifice of property to save the ship and cargo.
Adım Adım Çözüm
Anahtar Kavram
Occupational and Specialized Registers (Maritime Law & Shipping)
Tahmini Süre:1m 30s