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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
Munoth Financial Services board meeting on May 30, 2016

25-05-2016| Source:Moneycontrol.com

Munoth Financial Services' board meeting will be held on May 30, 2016, to consider the articles of Association of the Company to issue preference shares by replacing clause 15. To alter Memorandum

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