Glossary of Terms - G
General Average (G/A)
Intentional act or sacrifice which is carried out to safeguard vessel and cargo. When a vessel is in danger, the master has the right to sacrifice property and/or to incur reasonable expenditure. Measures taken for the sole benefit of any particular interest are not considered general average governed by York-Antwerp rules. There is a general average act when, and only when any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety for the purpose of preserving from peril the property involved in a common maritime adventure.
General Average Statement
This shows in detail all general average costs and expenses and the contribution of each interest in the general average in proportion to its value.General Cargo
Cargo, consisting of goods, unpacked or packed, for example in cartons, crates, bags or bales, often palletised. General cargo can be shipped either in break-bulk or containerised.Any consignment other than a consignment containing valuable cargo and charged for transport at general cargo rates (air cargo).