ABSTRACT
Adjustment of general average is founded on "the principle that the loss to the individual whose goods are sacrificed for the benefit of the rest is to be compensated according to the loss sustained the benefit derived”. The term "place of adjustment" would be a convenient description of the place with respect to which rights and liabilities are adjusted. However, in practice it is used to refer to the place where the adjuster in fact makes his adjustment. Prima facie an adjustment commissioned by one contributor is simply advice to that contributor and, though it may be good evidence of contributions which are claimable and due, is not binding on anyone. The Rules of Practice of the Association of Average Adjusters state that: "In practice neither time charter hire, as such, nor time charterer's voyage freight shall contribute to general average".
