Question on: SS2 Commerce - Marine losses
What is the key difference between general average loss and particular average loss?
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A
General average loss refers to complete destruction, while particular average loss refers to partial damage
B
General average loss is irretrievable, while particular average loss is repairable
C
General average loss is shared by all parties, while particular average loss is borne by the affected party alone
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Correct Option: C
General average loss is shared by all parties, while particular average loss is borne by the affected party alone
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