Which of the following terms refers to a loss to a ship or its cargo that is not to be shared in by contributions from all those interested, but is to be borne by the owner of the injured thing?

Question

Quizplus · Accepted Answer

Particular average refers to a loss that is borne by the owner of the damaged goods, as opposed to being shared among all parties involved, as in general average. Dead freight refers to the payment owed by a charterer for a portion of a ship's cargo space that is not used, and a maritime lien is a legal claim against a ship for unpaid debts.

Which of the Following Terms Refers to a Loss to a Ship