Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If general average was declared by a ship operator and your shipments on board were found to total $ 5 , 0 0 0 ,

image text in transcribed
If general average was declared by a ship operator and
your shipments on board were found to total $ 5 , 0 0 0 , 0 0 0 ?in value
the total value of the voyage ( ship and cargo ) ?was valued at $ 5 0 0 , 0 0 0 , 0 0 0
the cost of salvaging the ship was $ 2 0 0 , 0 0 0 , 0 0 0
You could be responsible for paying how many dollars towards ship salvage costs ( this is what you would need to pay and does not include the cost of your lost cargo )
$ 5 , 0 0 0 , 0 0 0
$ 4 0 , 0 0 0 , 0 0 0
$ 2 , 0 0 0 , 0 0 0
$ 1 , 6 0 0 . 0 0 0
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Restaurant From Concept To Operation

Authors: John R Walker

7th Edition

1118629620, 9781118629628

More Books

Students also viewed these General Management questions

Question

please try to give correct answer 3 0 3 .

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago

Question

Be relaxed at the hips

Answered: 1 week ago