(redirected from averagely)
Also found in: Dictionary, Thesaurus, Medical, Financial, Idioms, Encyclopedia.

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.

References in periodicals archive ?
YACHTS, diamonds, pretty girls with averagely doomed business plans - what will tickle the dragons' fancy tonight?
He made hard work of winning a weaker race last time and looks averagely handicapped.
Inside the lyrics are juxtaposed with photographs of urban locations incorporating much more than averagely interesting graffiti.
averagely. Dynamics of the sovereign Eurobonds was significantly worse at the moment.
Their good run could be about to come to an end, though, as New Little Bric was well held in a similar contest at the festival and looked averagely handicapped at Ascot.
He was blown away by a guy in his 50s singing We Are The Champions, not because of his voice - he's an averagely rubbish singer-but because of the emotional welly he was giving it.
The respondents, who were described as 'above averagely intelligent' professionals and students from over 72 countries, were asked which brand had made the most impact on their lives in 2002, either positively or negatively.
AN averagely bred and inexpensive filly, Lochsong won two Prix de l'Abbayes by a combined total of 11 lengths.
My childhood was averagely happy, averagely tortured.
averagely. The most interest was in the issues of RZD-10, -23, Mechel, VTB MB-1, -5, Systema-1, -2, Bashneft, Gazprom-11, Severstal MB- 2, -4, Sibmetinvest-1, -2.
Jennifer Garner stars in yet another averagely entertaining story that never rises above the mediocre.