General average claims are available to both ship owners and cargo owners.

Name: General average claims are available to both ship owners and cargo owners.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

General average claims are available to both ship owners and cargo owners. In the event of a general average act or sacrifice, all parties involved such as owners of the vessel, cargo owners, and freight parties are required to share the loss equally. This principle applies to all vessels engaged in international trade.

General Average Claims Are Available to Both Ship Owners and Cargo