# Sea Freight General Average

*Last updated: 2026-06-26*

> When a master makes a deliberate sacrifice or incurs extraordinary expenditure to save the common maritime venture—ship, crew, and cargo—general average is declared.

When a master makes a deliberate sacrifice or incurs extraordinary expenditure to save the common maritime venture—ship, crew, and cargo—general average is declared. The underlying principle is straightforward: losses borne for the benefit of all are shared by all, proportionally to the value of each party's interest in the voyage. Shipowners, cargo interests, and their respective insurers each contribute accordingly. Jettisoning cargo, seeking refuge in an emergency port, or carrying out emergency repairs at sea are classic general average acts. Apportionment follows the York-Antwerp Rules. Practically speaking, cargo at the port of destination is typically held until the cargo owner furnishes a general average bond or security—making marine cargo insurance a critical safeguard for any shipper.

**Source:** [https://en.wikipedia.org/wiki/General_average](https://en.wikipedia.org/wiki/General_average)

## Quick Facts

| Property | Value |
|---|---|
| Term | Sea Freight General Average |
| Language | EN |
| Word count | 116 |
| Last updated | 2026-06-26 |
| Source | https://en.wikipedia.org/wiki/General_average |

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