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A Ship Valued at $1,337,500 Is Carrying a Cargo of Iron

Question 36

Multiple Choice

A ship valued at $1,337,500 is carrying a cargo of iron ore valued at $125,000,and a cargo of coal valued at $100,000.The ship is stranded and the captain jettisons what is later determined to be $12,500 worth of iron ore.The stranded ship is towed to port,receives a bill from the tug company of $56,250 and is determined to have suffered $71,875 worth of damage to the ship.The captain declares a general average.How much liability will the company shipping the coal have?


A) $7,750
B) $9,000
C) $11,250
D) $140,625
E) None of the above

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