Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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

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

Integrated Reporting

Authors: Chiara Mio

1st Edition

1137551488, 9781137551481

More Books

Students also viewed these Accounting questions