The total amount of 'Risk' for the voyage made up of contributions from the vessel, cargo and freight at the time of the incident. This value is used in calculating the compensation payable when a case of 'General Average' is declared (click here for an example of the calculations involved).
Total value contributing to risk | Voyage | ||||||||
Total value contributing to risk | None present | ||||||||
Total value NOT contributing to risk | |||||||||
Total value NOT contributing to risk | None present | ||||||||
Total value of both | |||||||||
Total value | None present | ||||||||
Other totals | |||||||||
Total value for the Vessel | |||||||||
Total value for Freight | |||||||||
Total value for the Cargo |