Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
General average
average resulting from an intentional partial sacrifice of ship or cargo to avoid total loss. ( the liability is shared by all parties who had an interest in the voyage. -abbr. Ga. - also termed gross average; general-average contribution.
doctrine of general average
A rule allowing a carrier to require cargo owners and the shipowner to contribute pro rata to the cost of protecting the ship and its cargo.
general average
See AVERAGE.
general average loss
Marine underwriting. A loss at sea usu. incurred when cargo is thrown overboard to save the ship; a loss due to the voluntary and intentional sacrifice of part of a venture (usu. cargo) to save the rest of the venture from imminent peril. 0 Such a loss is borne equally by all the interests concerned in the venture. See AVERAGE (3).