Glossary

Would you like to know what a certain transport term means? Click on the first letter of the term below.

Particular Average

Particular average comprises the costs and/or damage that are exclusively payable by the shipowner whose vessel is damaged (e.g. storm damage) or by the owner of the cargo that has been damaged (e.g. as a result of a leak). In contrast with general average, this does not involve a common interest.

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