...occasioned by sea damage. Average properly means, — a contribution made by all the parties concerned in a sea adventure, to make good a specific loss or expense incurred by one of them for the general benefit. The custom is of very ancient date ; for it has a principal place...

...probable it never will be. Average properly means, — a contribution made by all the parties concerned in a sea adventure, to make good a specific loss or expense incurred by one of them for the general benefit. The custom is of very ancient date ; for it has a principal place...

...AVERAGE, when applied to maritime commerce, means, — a contribution made by all the parties concerned in a sea adventure, to make good a specific loss or...incurred by one or more of them for the general benefit. . * - The custom is of very ancient date ; for it has a principal place in the laws of , Rhodes ; which...

...maritime commerce, denoted only general average, which means "a contribution by all the parties concerned in a sea adventure to make good a specific loss or...incurred by one or more of them for the general benefit : " (Stevens on Average, 5th edit. 3.) Particular Average has special reference to policies of insurance...

...the same time a more comprehensive definition : " a contribution made by all the parties concerned in a sea adventure, to make good a specific loss or expense incurred by one of them, for the general benefit. The word average is not to be found in the body of the ordinary form...

...MARITIME. — Average in this sense properly means, a contribution made by all the parties concerned in a sea adventure ; to make good a specific loss...incurred by one or more of them for the general benefit. The custom is of very ancient date, possibly originating in a rude form with the first disaster to...

...MARITIME. — Average in this sense properly means, a contribution made by all the parties concerned in a sea adventure ; to make good a specific loss...incurred by one or more of them for the general benefit. The custom is of very ancient date, possibly originating in a rude form with the first disaster to...

...MARITIME. — Average in this sense properly means, a contribution made by all the parties concerned in a sea adventure ; to make good a specific loss...incurred by one or more of them for the general benefit. The custom is of very ancient date, possibly originating in a rude form with the first disaster to...

...both inaccurate and incomplete. His definition is " a contribution made by all the parties concerned in a sea adventure to make good a specific loss or...incurred by one or more of them for the general benefit, t" Before criticising the above definition we shall give the '' essential elements " enumerated under...

...The word arcrayc is explained by Stevens8 to mean, "a contribution made by all the parties concerned in a sea adventure, to make good a specific loss or expense incurred by one, of them for the general benefit. " He adds that, of the three kinds of average, viz., general average,...