Exam Question
Explain the concepts of "Particular Average" and "General Average". What are the circumstances when a general average can be declared? Who are average adjusters and what is their role in general average loss situations? (16)
Class 1 (Chief Engineer)
Engineering Management
📅 Apr 2023
Reference Answer
### Introduction to Maritime Averages
In maritime law, "Average" refers to the apportionment of loss arising from a sea voyage. It is categorized into two distinct types: Particular Average and General Average. The distinction is fundamental to marine insurance and the commercial conduct of shipping.
### 1. Particular Average (PA)
**Concept:**
In maritime law, "Average" refers to the apportionment of loss arising from a sea voyage. It is categorized into two distinct types: Particular Average and General Average. The distinction is fundamental to marine insurance and the commercial conduct of shipping.
### 1. Particular Average (PA)
**Concept:**
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