AVERIA Meaning and
Definition
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Averia is a noun referring to a ship's misfortune or accident that leads to a partial or total loss. Derived from the late Latin term "avarus" meaning "damage," averia specifically pertains to sea voyages and maritime law. It generally denotes any damage, harm, or loss incurred by a ship during its journey, encompassing a wide range of incidents such as collisions, grounding, or even amenities breaking down. The term is primarily used in legal jargon to describe the liability and compensation aspects associated with such accidents.
In maritime law, averia is often classified into specific types based on the nature and extent of the loss. For instance, particular average refers to damage or expenses directly incurred by a ship or its cargo, and are generally borne individually by the owner of the affected property. In contrast, general average encompasses extraordinary expenses or sacrifices incurred for the common benefit and safety of the entire ship or cargo, which are subsequently proportionally shared among all parties involved.
Furthermore, the term averia is frequently used in insurance contexts to ascertain the liability, compensation claims, and coverage details of ships' misfortunes. As a result, it plays a crucial role in maritime insurance contracts and policies by delineating the precise scope of coverage and legal responsibilities in case of any unexpected loss or damage during a voyage.
Common Misspellings for AVERIA
- vaeria
- veria
- zveria
- sveria
- wveria
- qveria
- aberia
- aferia
- avdria
- avrria
- av4ria
- av3ria
- aveeia
- avedia
- avefia
- avetia
- ave5ia
- ave4ia
- averua
- averja
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