Glossary of Shipping Terms


General Average is a term associated with marine insurance. It refers to the percentage in which any damage occurring to cargo on board a vessel is shared by all the shippers. General average or the share applicable to a shipper is calculated in proportion to the value of his cargo.

In the last 24 hours

  • 173

    Users Registered

  • 12,434

    Rates Shown

Looking for better rates?