General average

{
  "id": "MLC-T-LOG-000130",
  "term": "General average",
  "field": "Logistics and supply chain",
  "definition": "A principle of maritime law where all parties involved in a sea venture proportionally share any losses voluntarily incurred to save the entire expedition from peril. This applies when cargo or ship parts are sacrificed to prevent a greater loss, such as jettisoning goods during a storm. The York-Antwerp Rules provide the international framework for adjusting general average claims.",
  "url": "https://mlchart.com/terminology/logistics/general-average/"
}