Mataracy
VIP Contributor
This may be defined as covering losses and expenditure which result from the sacrifice of any interest voluntary made by the master if a vessel, or other duly constituted authority in time of real distress, for the command n safety of vessel, cargo, and freight, and which must be repaid proportionately by all the parties benefited. Thus, in general average, the loss is shared by all interest involved I. The Marin venture, and not merely to rest upon the owner of the Marin venture m, and not merely yo rest upon the owner of the damaged or lost goods.
Justice demands, for example, that if a vessel owner voluntarily strands his vessel, or incurs expenses by putting in to a port of refuge for the sake of preserving the charge, he should not be obliged to bear the loss alone . Likewise, if a portion of the cargo is jettisoned to save the venture, it would be grossly unjust to make the owner suffered and should be compensated for by making them a charge upon the other interest s involved. That is the loss is made good by contributions from all concerned (including the ship owners of any other cargoes on board) when adventure is saved.
Justice demands, for example, that if a vessel owner voluntarily strands his vessel, or incurs expenses by putting in to a port of refuge for the sake of preserving the charge, he should not be obliged to bear the loss alone . Likewise, if a portion of the cargo is jettisoned to save the venture, it would be grossly unjust to make the owner suffered and should be compensated for by making them a charge upon the other interest s involved. That is the loss is made good by contributions from all concerned (including the ship owners of any other cargoes on board) when adventure is saved.
