ABSTRACT

Thus, if A’s cargo has to be jettisoned to prevent the ship from sinking, with the loss of both the ship and the other cargo, the value of A’s cargo will be apportioned among all of the other cargo owners and the ship in accordance with the value of their respective interests. The apportionment will include the value of A’s cargo, so that A will not receive full reimbursement. This is only fair, as the aim of general average is to spread the cost of such sacrifi ces equitably among all of the interests in the voyage. The process of assessing the contributions of the interests is called an ‘adjustment’, as it is usually performed by professional average adjusters.