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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.

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Jhunjhunwala buy lifts Spicejet; is ace investor averaging?

01-12-2014| Source:Moneycontrol.com

Falling crude prices are a positive for airline stocks in general. But investors were indifferent to Spicejet till a week back even as crude was sliding.

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