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General Average Act (York-Antwerp Rules)

Home Shipping Terms & Glossary General Average Act (York-Antwerp Rules)
May 6, 2025 0 comments by Christopher Hardwick

There is a general average act when, and only when any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure.

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