General average loss

Sacrifice or expenditure directly consequent upon a general average act. Unless specifically agreed the insurer is not liable for any general average loss where the loss was not curred for the express purpose of avoiding an insured peril or in connection with the avoidance of such a peril (Marine Insurance Act 1906, s.66(6)). See GENERAL AVERAGE.

Leave a Reply

Your email address will not be published. Required fields are marked *