general average bond

Maritime law. A cargo owner’s bond exacted by a carrier to ensure that the owner will pay the general average contribution.

• When the contribution amounts are disputed, the carrier requires this bond before agreeing to unload the ship. It may also be required when the amounts are undisputed, as security of payment.

— Also termed average bond. See general average under AVERAGE(3). [Cases: Shipping 198. C.J.S. Shipping § 470.]

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词条贡献者

法律翻译Peter，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与能源与矿业有关的法律文件。