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