In insurance terms, which describes the term...

In insurance terms, which describes the term...

Question 1 of 2707066636ee728f7522a1c517e2c

In insurance terms, which describes the term Particular Average?

Question 1 of 27070

Q

In insurance terms, which describes the term Particular Average?

🔍 Key Concepts

• Difference between general average and particular average in marine insurance • Who shares the loss in general average vs who bears it in particular average • Whether the loss/damage concerns one interest or all interests in the venture

💭 Think About

• Ask yourself: is this type of loss spread among all parties in the maritime venture, or is it attached to a single cargo owner or interest? • Which option sounds more like general average (shared sacrifice for the common safety) rather than particular average? • Does the term refer to a navigational calculation (distance, time, speed) or an insurance/claims concept?

✅ Before You Answer

• Eliminate any answer that clearly describes general average (shared charges among all parties). • Check whether the option talks about only one party’s cargo or interest versus all parties together. • Confirm the choice is about loss or damage in an insurance sense, not about steaming distance or charter party performance.