Posted on July 20, 2013July 20, 2013
In marine insurance, a term used in determining General Average. It is expenditure or sacrifice other than obligations under the contract of affreightment, incurred by the ship owner.
Facebook
Linked In
Instagram
Twitter
Contact Us
News
Calendar
Calculators
The average number of years remaining for a person of a given age to live, as shown on the mortality or annuity table used as a reference.