York Antwerp Rules and General Average, Everything you Need to Know
It is not uncommon these days for people to share the spendings of a group equally. For example, for a group of five friends having lunch together, they share the bill in five equal parts. Each one contributes one fifth of the total amount.
Or for example three to four people sharing a ride back home from office.
This is so easy. Right ? Dividing the fare or food bill is easy and everyone saves some money. But this looks easy because of two reasons.
One because the amount is divided in equal parts. And second because the money involved is not so big to draw a controversy. It would be much more difficult to draw an average if one person said that he has eaten less so he should pay less.
Or for that matter one person said he weighs less so he will pay less for the cab ride.
Oh!! I was supposed to talk about York Antwerp rules, right ? Why am I even talking about sharing a ride and food bill.
Well the York-Antwerp rules are also about sharing the expenditures with certain conditions attached.
Take this example.
A hold on a bulk carrier with cargo in...
Join now to access this article and much more.
Admin has placed this article behind a paywall, making it accessible only with a paid membership, which offers numerous perks:
- Contribute to creating a platform for reading and writing without ads.
- Enjoy all content here, including exclusive articles for members.
- Gain access to all exclusive articles for members.
Comments (41)