What is General Average?
General Average is a foundational principle in maritime law that ensures the equitable sharing of losses or expenses when voluntary sacrifices are made to protect a vessel and its cargo from imminent danger. When a ship faces serious threats, such as extreme weather, fire, or other perils, and the captain or crew takes intentional actions to prevent potential disaster, General Average requires that all parties (cargo owners, shipowners, and insurers) contribute to covering the costs of those actions.