An inter-ocean transfer cargo ship was forced to jettison, Ask an Expert

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An Inter-Ocean Transfer cargo ship was forced to jettison some cargo in heavy seas. The various interests in the voyage at the time the property was jettisoned were Value of Ship $ 2 million Value of Lumber $ 1 million Value of Iron $ 2 million If $400,000 worth of iron ore was jettisoned, for how much of this amount would Inter-Ocean Transfer be responsible under general average?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92424871

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