Question on: SS2 Commerce - Marine losses
What does general average loss refer to?
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A
A loss or damage suffered by a specific party or interest
B
 A situation where a voluntary sacrifice or expenditure is made to save the ship, cargo, or crew from a common peril
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C
A situation where the cost of recovering or repairing the property exceeds its insured value
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Correct Option: B
A situation where a voluntary sacrifice or expenditure is made to save the ship, cargo, or crew from a common peril
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