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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

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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. 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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