||Title:||MARINE INSURANCE ORDINANCE||Gazette Number:|
|Section:||64||Heading:||Particular average loss||Version Date:||30/06/1997|
PARTIAL LOSSES (INCLUDING SALVAGE AND GENERAL AVERAGE
AND PARTICULAR CHARGES)
(1) A particular average loss is a partial loss of the subject-matter insured, caused by a peril insured against, and which is not a general average loss.
(2) Expenses incurred by or on behalf of the assured for the safety or preservation of the subject-matter insured, other than general average and salvage charges, are called particular charges. Particular charges are not included in particular average.
[cf. 1906 c. 41 s. 64 U.K.]