General average

Definition and stakes

Portrait of John Stuart Mill John Stuart Mill,  A System of Logic, Ratiocinative and Inductive

“ And so if i, instead of being a particular sort of instance, is an instance known to be under the influence of a particular set of circumstances, the presumption drawn from the numerical proportions in the whole genus would probably, in such a case, only mislead. A general average should only be applied to cases which are neither known, nor can be presumed, to be other than average cases. Such averages, therefore, are commonly of little use for the practical guidance of any affairs but those which concern large numbers. ”
Source: Gutenberg

J. Y. Brinton,  The Law of the Sea

“ One of the most approved definitions of general average is,—"All loss which arises in consequence of extraordinary sacrifices made, or expenses, incurred, for the preservation of the ship and cargo, comes within general average, and must be borne proportionately by all who are interested." ”
Source: Gutenberg

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