California · Harbors and Navigation Code - HNC

HNC §430: In estimating values for the purpose of a general average, the vessel and appurtenances shall be valued as at the end of the voyage, the freightage at one-half the amount due on delivery, and the carg

What this law says, in plain English

This statute establishes how to calculate values for general average purposes: vessels and equipment are valued at voyage end, freight at half the delivery amount, and cargo at specified rates.

Read the full statutory text

In estimating values for the purpose of a general average, the vessel and appurtenances shall be valued as at the end of the voyage, the freightage at one-half the amount due on delivery, and the cargo as at the time and place of its discharge; adding, in each case, the amount made good by contribution.

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