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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
India likely to get above average monsoon rains: IMD chief  

09-05-2017| Source:Reuters

general of the state-run IMD said.

IRB InvIT Fund garners Rs 2,100 crore from anchor investors

03-05-2017| Source:PTI

The InvIT Fund, sponsored by engineering company IRB Infrastructure Developers, has allotted 20.53 crore units on an average of Rs 102 to 28 anchor investors for a sum of Rs 2,094.50 criteria

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