Meaning General Average Guarantee
What does General Average Guarantee mean? Here you find 3 meanings of the word General Average Guarantee. You can also add a definition of General Average Guarantee yourself
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General Average GuaranteeGiven by cargo underwriters, after a GA, agreeing to meet their insured's liability for contribution.
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General Average GuaranteeAn undertaking by underwriters to pay the contribution due from a cargo assured on completion of the general average adjustment.
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General Average GuaranteePaid by a consignee to obtain release of the cargo from the carrier following a general average act. This may be replaced by an Underwriter's guarantee.
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| << GENERAL AVERAGE FUND | G.A.D. >> |
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