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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
General Motors sets Bolt electric car price at $37,495

21-09-2016| Source:Reuters

The least expensive Bolt will start at USD 37,495 before a USD 7,500 federal tax credit, meaning it would sell for USD 29,995, GM said. The average US price of a new car was USD 34,143 in August

Monsoon to be 'normal': IMD

19-09-2016| Source:PTI

.The monsoon this year will be below 100 percent of the long period average, Ministry of Earth Sciences Secretary Madhavan Nair Rajeevan said.IMD Director General K J Ramesh said, "The monsoon will be normal

NBCC Q1 earnings may be strong, profit seen up 50% to Rs 66 cr

14-09-2016| Source:Moneycontrol.com

State-run construction company NBCC is likely to report a 50 percent growth in profit at Rs 66 crore and 24.5 percent growth in revenue at Rs 1,431 crore on yearly basis, according to average

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