General Average


 

Home
Site Map
Add Term
Search
About Us
Contributors

General Average

Provision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.



General Average

Similar Matches

General obligation bond

General obligation bond

A municipal bond whose interest and principal payments are supported by the full faith and credit of the issuing authority.


General Agreement on Tariffs and Trade

General Agreement on Tariffs and Trade

A trade agreement between a large number of countries, dating back to 1948, which was set up to improve trading world wide and to work towards the reduction of tariff barriers.


General Agreement on Tariffs and Trade

General Agreement on Tariffs and Trade

A multilateral treaty entered into in 1948 by the intended members of the International Trade Organization, the purpose of which was to implement many of the rules and negotiated tariff reductions that would be overseen by the ITO. With the failure of the ITO to be approved, the GATT became the principal institution regulating trade policy until it was subsumed within the WTO in 1995.


General lien

General lien

The legal right for a creditor to seize the assets of a debtor to satisfy an outstanding debt.


Generalized System of Preferences

Generalized System of Preferences

Tariff preferences for developing countries, by which developed countries let certain manufactured and semi-manufactured imports from developing countries enter at lower tariffs than the same products from developed countries.


Further Suggestions

general personal equity plan
annual general meeting
Computable general equilibrium
General equilibrium
General ledger
General cash offer
extraordinary general meeting
General Agreement on Trade in Services
General partnership
General lien
Director General
General partner
Generally Accepted Accounting Principles (GAAP)
General Agreement on Tariffs and Trade (GATT)
General Mortgage Bond
General Order
General revenue
General Membership
General Average Contribution
General Lien


 
All rights Reserved. Do not copy without permission. T4 Innovations Ltd