Question: [ 8 ] You have $ 5 0 0 , 0 0 0 of cargo on a container ship that has had a fire Some

[8] You have $500,000 of cargo on a container ship that has had a fire Some cargo valued at $300,000 was thrown overboard to stop the fire. There were also $800,000 of damage to the ship. The value of the ship is $60 million, and the total value of the cargo is $20 million. What is your payment (loss) due to General Average?
[8] You have $500,000 of cargo on a container ship that

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