California Harbors and Navigation Code 430 – In estimating values for the purpose of a general average, the vessel …
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In estimating values for the purpose of a general average, the vessel and appurtenances shall be valued as at the end of the voyage, the freightage at one-half the amount due on delivery, and the cargo as at the time and place of its discharge; adding, in each case, the amount made good by contribution.
(Enacted by Stats. 1937, Ch. 368.)
Terms Used In California Harbors and Navigation Code 430
- Vessel: includes ships of all kinds, steamboats, steamships, canal boats, barges, sailing vessels, and every structure adapted to be navigated from place to place for the transportation of merchandise or persons. See California Harbors and Navigation Code 21