Subjects maritime law

General Average A8Be67

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1. **Stating the problem:** We need to find the contribution value of each party (vessel, cargo A, cargo B, and freight at risk) based on the General Average sacrifices and expenditures. 2. **Formula and rules:** The contribution is calculated by the formula: $$\text{Contribution} = \frac{\text{Value of each party}}{\text{Total value of all parties}} \times \text{Total General Average sacrifices and expenditures}$$ 3. **Calculate total value of all parties:** $$16,000,000 + 7,000,000 + 6,000,000 + 410,000 = 29,410,000$$ 4. **Calculate total General Average sacrifices and expenditures:** $$10,000 + 350,000 + 250,000 = 610,000$$ 5. **Calculate contribution for each party:** - Vessel: $$\frac{16,000,000}{29,410,000} \times 610,000 = 331,847.11$$ - Cargo A: $$\frac{7,000,000}{29,410,000} \times 610,000 = 145,198.60$$ - Cargo B: $$\frac{6,000,000}{29,410,000} \times 610,000 = 124,512.51$$ - Freight at risk: $$\frac{410,000}{29,410,000} \times 610,000 = 8,441.78$$ 6. **Total contribution value:** $$331,847.11 + 145,198.60 + 124,512.51 + 8,441.78 = 610,000$$ **Final answer:** - Vessel contribution: 331,847.11 - Cargo A contribution: 145,198.60 - Cargo B contribution: 124,512.51 - Freight at risk contribution: 8,441.78 - Total contribution: 610,000