Which statement about general average is TRUE?
• General average vs. particular average (who shares the loss and when) • Requirement for a voluntary and deliberate sacrifice or expenditure for the common safety • Typical examples of general average (jettison of cargo, towing into a port of refuge, etc.)
• Ask yourself: In a general average situation, does only one interest (ship, freight, or cargo) participate, or do all involved interests contribute proportionally? • Consider which options describe a necessary condition for declaring general average, rather than a specific, narrow scenario. • Think about whether routine weather damage or normal operational damage automatically qualifies as general average, or if something extra must be present.
• Make sure you know that general average requires an extraordinary sacrifice or expenditure made intentionally for the common safety. • Check whether all involved interests (ship, freight, cargo) are considered when contributions are assessed. • Verify whether ordinary heavy weather damage or normal operational wear is treated as general average or as a separate type of loss.
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