MLchartDataset catalogue

Law of general average

Term · Law · MLC-T-LAW-002942

A principle in maritime law requiring all parties to a sea venture to proportionally share losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. This doctrine applies when a master of a vessel intentionally incurs a loss to avert a greater peril. The York-Antwerp Rules provide a widely adopted framework for adjusting general average claims.

Table 1. Record
IdentifierMLC-T-LAW-002942
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002942",
  "term": "Law of general average",
  "field": "Law",
  "definition": "A principle in maritime law requiring all parties to a sea venture to proportionally share losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. This doctrine applies when a master of a vessel intentionally incurs a loss to avert a greater peril. The York-Antwerp Rules provide a widely adopted framework for adjusting general average claims.",
  "url": "https://mlchart.com/terminology/law/law-of-general-average/"
}

Record 2,886 of 5,441 in Law terminology (MLC-0107). Request the full dataset.