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general average

General Average

General Average (GA) “Extraordinary sacrifice made voluntarily and prudently, to save a common maritime adventure from imminent peril,” is GA sacrifice. This principle developed over centuries, meant that if few merchants sent a ship to sea for common gain, any sacrifice made or expanse incurred

Port of Refuge

Port of Refuge – A port of Refuge is a port or place that the vessel diverts to when her master considers it is unsafe to continue the voyage due to peril that threatens the “common safety”, e.g. when there is a dangerous ingress of