Business risk
General average
Also: General average
Proportional distribution between ship and shippers of the sacrifice or extraordinary expense made to save the maritime expedition.
In practice
Obliges the cargo owner to deposit a guarantee before withdrawing their goods, even if they have not suffered damage. A transport policy in force resolves that deposit; without it, the container does not leave the port.
Where it is addressed
This term is covered in Comercio internacional and applies when taking out Transportes.
