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AVERAGE. A term used in commerce to signify a contribution made by the owners of the ship, freight and goods, on board, in proportion to their respective interests, towards any particular loss or expense sustained for the general safety of the ship and cargo; to the end that the particular loser may not be a greater sufferer than the owner of the ship and the other owners of goods on board. Marsh. Ins. B. 1, c. 12, s. 7; Code de Com. art. 397; 2 Hov. Supp. to Ves. jr. 407; Poth. Aver. art. Prel.
     2. Average is called general or gross average, because it falls generally upon the whole or gross amount of the ship, freight and cargo; and also to distinguish it from what is often though improperly termed particular average, but which in truth means a particular or partial, and not a general loss; or has no affinity to average properly so called. Besides these there are other small charges, called petty or accustomed averages; such as pilotage, towage, light-money, beaconage, anchorage, bridge toll, quarantine, river charges, signals, instructions, castle money, pier money, digging the ship out of the ice, and the like.
     3. A contribution upon general average can only be claimed in cases where, upon as much deliberate on and consultation between the captain and his officers as the occasion will admit of, it appears that the sacrifice at the time it was made, was absolutely and indispensably necessary for the preservation of the ship and cargo. To entitle the owner of the goods to an average contribution, the loss must evidently conduce to the preservation of the ship and the rest of the cargo; and it must appear that the ship and the rest of the cargo were in fact saved. Show. Ca. Parl. 20. See generally Code de Com. tit. 11 and 12; Park, Ins. c. 6; Marsh. Ins. B. 1, c. 12, s. 7 4 Mass. 548; 6 Mass. 125; 8 Mass. 467; 1 Caines' R. 196; 4 Dall. 459; 2 Binn. 547 4 Binn. 513; 2 Serg. & Rawle, 237, in note; 2 Serg. & Rawle, 229 3 Johns. Cas. 178; 1 Caines' R. 43; 2 Caines' R. 263; Id. 274; 8 Johns. R. 237, 2d edit 9 Johns. R. 9; 11 Johns. R 315 1 Caines' R. 573; 7 Johns R. 412; Wesk. Ins. tit. Average; 2 Barn. & Crest. 811 1 Rob. Adlm. Rep. 293; 2 New Rep. 378 18 Ves. 187; Lex. Mer. Armer. ch. 9; Bac Abr. Merchant, F; Vin. Abr. Contribution and' Average; Stev. on Av.; Ben. on Av.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Accordingly, the average AZN/RUB rate was 0.0269 manats.
At the same time, average down payment amounts decreased nearly 10 percent in the third quarter, falling from $52,480 to $47,265.
'Night School,' Universal, $27,257,615, 3,010 locations, $9,056 average, $27,257,615, 1 Week.
2017 6-Month Average 2,367 3,941 2,553 19,806 3,462
Another interesting note is that average values of Malauzai's Picture Pay, which allows users to pay a bill simply by snapping a photo of it with a mobile device, have surpassed traditional bill pay's average values.
Also, 15-year FRM this week averaged 3.59% with an average 0.7 point, up from last week when it averaged 3.54%.
Compound feedingstuffs went up in Slovenia for January 2013, compared to December 2012, on average by 5.4%.
According to ticket comparison company FanSnap, at $276, the Yankees have the lowest average ticket prices for the LCS.
Average daily volume cleared through CME ClearPort was 450,000 contracts for September 2010, down 8 percent compared with September 2009.
The UK's average price for whole broiler 65% chicken in October 2009 was estimated at 127.06 euro/100 kg, down 10.7% on the year.
Red: Simple Moving Average (SMA)<br> Blue: Exponential Moving Average (EMA)<br> Green: Smoothed Moving Average (SMMA)<br> Violet: Linear Weighted Moving Average (LWMA)