Average

{
  "id": "MLC-T-IND-000349",
  "term": "Average",
  "field": "Industrial and trades",
  "definition": "A marine insurance principle that distributes the cost of certain losses among all parties with an interest in the voyage or cargo. General average applies when a sacrifice is made to save the entire venture, such as jettisoning cargo during a storm. Particular average covers partial losses to specific cargo or the vessel itself, not shared by other parties.",
  "subject": "Marine and shipyard",
  "references": [
    "Marine insurance (Wikipedia)"
  ],
  "translations": {
    "de": "Havarie",
    "es": "avería",
    "fr": "avarie"
  },
  "url": "https://mlchart.com/terminology/industrial/average/"
}