Agribility - General Average

Introduction

This module will explain the maritime law principle of General Average. The principle requires all stakeholders in a sea venture to proportionally share any losses resulting from a voluntary sacrifice made to save the whole. This module will explain both why the principle applies, and how.

Learning Outcomes

By the end of this module, the learner should be able to:

• Accurately explain the principle of general average.
• Evaluate the circumstances and determine whether general average applies.
• Discuss how general average is incorporated into contracts.
• Provide examples of general average situations, and explain the process and liabilities attached.
• Explain the relationship between general average and salvage.