Average in Europe

Definition of Average

I. Used in three senses : (1) The effect of jettison, the averting, namely, of destruction from the whole adventure by sacrifice of part. (2) The loss sustained by the sacrifice. (3) The result of these, the contribution payable. (Maclachlan, Merchant Shipping.)
Particular average is loss or damage which must be borne in the ordinary way by the owner of the thing damaged, e.g., leakage from a cask. General average is any loss or damage voluntarily incurred for the general safety of the ship and cargo, e.g., where goods are thrown overboard in a storm for the purpose of saving the ship and the rest of the cargo. The several persons interested in the ship, freight and cargo must contribute rateably to indemnify the person whose goods have been sacrificed against all but his proportion of the general loss
II. Some petty charges, such as towage, beaconage, etc., which the owner or consignee of goods shipped .on board a vessel is bound to reimburse the master or shipowner
III. A service of working with his beasts, which a tenant owed his lord

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Definition of Average is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.

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