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General average clause

A clause in ocean marine insurance that requires ship and freight interests other than the insured to respond to loses suffered by the insured interest when those losses result from voluntary, necessary, and successful sacrifice of the insured?s freight because of shipping peril.

News On General average clause
Lombard growing faster than industry average: Chanda Kochhar  

11-09-2017| Source:CNBC-TV18

ICICI Lombard General Insurance is all set for its Dalal Street debut this week. CNBC-TV18's Ritu Singh caught up with ICICI Lombards chairperson Chanda Kochhar.

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