18 GCA § 62505: How Loss is Justified.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 2 - Commercial and Business Obligations
- Part 7 - Carriage
- Chapter 62: Carriage of Property
- ARTICLE 5: GENERAL AVERAGE
The proportions in which a general average loss is to be borne must be ascertained by an adjustment, in which the owner of each separate interest is to be charged with such proportion of the value of the thing lost as the value of his part of the property affected bears to the value of the whole. But an adjustment made at the end of the voyage, if valid there, is valid everywhere.
Collected 2026-09-27T03:59:28Z. Source file · JSON