66 General average loss
Marine Insurance Act 1906 (1906 c 41) | Legislation

66  General average loss

(1)     A general average loss is a loss caused by or directly consequential on a general average act. It includes a general average expenditure as well as a general average sacrifice.

(2)     There is a general average act where any extraordinary sacrifice or expenditure is voluntarily and reasonably made or incurred in time of peril for the purpose of preserving the property imperilled in the common adventure.

(3)     Where there

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