California · Harbors and Navigation Code - HNC

HNC §429: The proportions in which a general average loss is to be borne shall be ascertained by an adjustment, in which the owner of each separate interest shall be charged with that proportion of the value of

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What this law says, in plain English

This statute addresses how general average losses in maritime matters are divided among parties based on the proportional value of each party's separate interest through an adjustment process.

Read the full statutory text

The proportions in which a general average loss is to be borne shall be ascertained by an adjustment, in which the owner of each separate interest shall be charged with that proportion of the value of the thing lost which the value of his part of the property affected bears to the value of the whole. But an adjustment made at the end of the voyage, if valid there, is valid everywhere.

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