Question: The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on

The following data was collected by an average adjuster assigned to adjust

The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. = 560,000. GA damage to ship GA damage to Cargo = 1,215,000. = 800,000 PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) Gross amount of freight at risk = 500,000 = 30,000 Freight contingent expenditure Ship's sound value Total invoice value of cargo = 1,675,000 = 424,000 =5,000,000 =8,000,000 Adjusting according to YAR show your calculations in arriving at the GA contributions of the interests you identify in this adventure.

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The GA damage to the ship is 560000 and the GA damage to the cargo is 1215000 ... View full answer

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