What is the difference between a general average and a particular average in ocean marine insurance?
What will be an ideal response?
A particular average (loss) is damage done to a particular piece of property and the loss is borne by the owner (or insurer). A general average is where property is jettisoned by order of the captain to attempt to save lives and property. In this case any party that has a property interest (including the ship owner) share proportionately in the loss.
Business
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The typical response to an issue is a conclusion
Indicate whether the statement is true or false
Business
In systems development, documents, designs, prototypes, data models, database designs, and working data entry screens are examples of ________
A) reports B) resources C) components D) deliverables
Business