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FrançaisA voluntary sacrifice or extraordinary expense incurred during waterborne transit to protect all interests from an impending peril. The main principle behind general average is that when sacrifice is made to save the interests of all parties involved in transportation,…
Read MoreGeneral average contribution
The amount each party involved in a general average must contribute.
Read MoreGeneral cargo rate
The rate a carrier charges for the shipment of cargo that does not have a special class rate or commodity rate.
Read MoreGeneral cargo vessels
A vessel designed to handle breakbulk cargo such as bags, cartons, cases, crates and drums, either individually or in unitized or palletized loads. See breakbulk vessel.
Read MoreGeneral conditions of international sale
It is a document that details the general conditions that a seller (exporter) offers to a buyer (importer) for the supplying of goods or for rendering a service. It is usually used for repetitive sales or for sales with a…
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