What does general average loss refer to - SS2 Commerce Marine losses Question
What does general average loss refer to?
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
C
A situation where the cost of recovering or repairing the property exceeds its insured value
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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