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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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