In insurance terms, which describes the term...

Question 1 / 2066636ee728f7522a1c517e2c

Question 1 of 2066636ee728f7522a1c517e2c

In insurance terms, which describes the term Particular Average?

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Question 1 of 20

66636ee728f7522a1c517e2c

In insurance terms, which describes the term Particular Average?

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🔍 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.

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Question 1 of 20

In insurance terms, which describes the term Particular Average?

Charges against all parties in a marine venture to pay for damages incurred to the cargo

Losses claimed after all liens against the vessel are settled

The average distance steamed per day over the duration of the voyage charter party

The cargo loss sustained by only one party

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Question 1 / 2066636ee728f7522a1c517e2c

Question 1 of 2066636ee728f7522a1c517e2c

In insurance terms, which describes the term Particular Average?

Back

Question 1 of 20

66636ee728f7522a1c517e2c

In insurance terms, which describes the term Particular Average?

No comments yet

Be the first to share your thoughts!

If the question has a related picture, it will appear here.

🔍 Key Concepts

💭 Think About

✅ Before You Answer

👋 Hi! I'm Genie, your AI study assistant. How can I help you with this question?

Quick actions

— No credit card needed