ΝΑΥΤΙΚΑ ΑΓΓΛΙΚΑ Ε ΠΛΟΙΑΡΧΩΝ

Under the law of general average, if cargo is in a successful effort to a grounded vessel, the owners of the vessel and the cargo saved are required to absorb a proportional share of the loss to the owner of the cargo that has been sacrificed. All participants in the maritime venture to offset the losses . The law of general average became an early form of marine insurance and was practised by ancient Greeks. It still remains part of the law of most countries. In order for General Average to be declared: 4) there must be an event which is beyond the shipowners’ control, which the entire adventure, 5) there must be a sacrifice, 6) there must be something saved. The voluntary might be: the jettison of certain cargo; the use of tugs or salvors; damage to the ship, be it, voluntary grounding, or knowingly working the engines that will result in damage.