General Average Loss in United States
Practical Information
Note: Some of this information was last updated in 1982
A loss arising out of voluntary sacrifice made, or extraordinary expense incurred, for the joint benefit of a ship and its cargo when both are imperiled by a common danger. When the property of one is sacrificed to save the property of all, it would be unfair to make the owner of the sacrificed property bear the entire loss with no right of contribution from the owners of the property saved. Consequently, from the earliest times, admiralty (in U.S. law) has required that a loss occasioned for the benefit of all must be made good by the contribution of all. See also jettison (in U.S. law); particular average loss (in U.S. law); yorkantwerp rules (in U.S. law).
What is General Average Loss?
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