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General average clause definition
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general average clause
(from the article `insurance`) The general average clause in ocean marine insurance obligates the insurers of various interests to share the cost of losses incurred voluntarily to ...
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http://www.britannica.com/eb/a-z/g/17
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basic
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standard
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(from the article `insurance`) The general average clause in ocean marine insurance obligates the insurers of various interests to share the cost of losses incurred voluntarily to ...