Question on: JAMB Commerce - 2024
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
A
constructive total loss
B
an actual total loss
C
a general average loss
D
a partial loss
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Correct Option: C
The deliberate throwing of goods overboard to save a ship from sinking is a general average act. General average loss refers to a loss that arises when a sacrifice is made, or an extraordinary expenditure is incurred for the common safety of a maritime venture. In this case, the sacrifice of the goods benefits all parties involved in the voyage, and the loss is shared proportionately among the ship owner, cargo owners, and other parties with an interest in the voyage.
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