YORK-ANTWERP RULES 2016
There is a general average act when, and only when, any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure.
This rather long standing and controversial maritime law practice is a complex and long winded one. Presentations around this topic will aim to help you understand what your obligations are but also how to mitigate your losses when a general average is declared.
Photo by Anton v/d Aarssen