General average serves a single purpose: to distribute the cost of a deliberate sacrifice made to save a maritime venture among all those who stood to benefit from it.
Source: https://en.wikipedia.org/wiki/General_average
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.