In ocean marine insurance, each of the following is true about the term "general average" EXCEPT:

In ocean marine insurance, each of the following is true about the term "general average" EXCEPT:




Only the party having an interest in the lost property suffers a loss.


It refers to partial losses to save the ship.


It involves a deliberate sacrifice of property.


The loss is shared by all interests involved in the voyage.



Answer: Only the party having an interest in the lost property suffers a loss.

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