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Simple English definitions for legal terms

general-average statement

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A quick definition of general-average statement:

A general-average statement is a document that shows how much each person involved in a maritime voyage needs to contribute towards any losses or damages that occurred during the journey. This includes intentional sacrifices made to prevent total loss. It is a fair way to share the costs of unexpected events that affect the ship or cargo. If there is accidental damage or loss that is not intentional, it is called particular average, and the person who suffered the loss is responsible for the costs. The general-average statement is an important part of maritime law and helps ensure that everyone involved in the voyage shares the burden of unexpected events.

A more thorough explanation:

A general-average statement is a document in maritime law that contains a precise calculation of the general average and the contributory share of each party involved in a commercial voyage. It is used to determine the amount of compensation that each party must pay in case of accidental partial loss or damage to an insured ship or its cargo during a voyage.

For example, if a ship carrying cargo encounters a perilous situation, and the captain decides to jettison some of the cargo to save the ship and the rest of the cargo, the loss incurred by the jettisoned cargo is considered a general average. The general-average statement will then be used to calculate the amount of compensation that each party must pay based on their share of the total value of the ship and the cargo.

The doctrine of general average is an equitable principle derived from the general maritime law. It is an exception to the principle of particular average, which states that losses lie where they fall, and the liability is borne solely by the person who suffered the loss. In contrast, the doctrine of general average spreads the loss ratably among all the parties involved in the maritime adventure.

general average loss | general benefit

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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