GENERAL AND PARTICULAR AVERAGE. General average, if any, shall be adjusted, stated, and settled according to the York-Antwerp Rules (2004) or any subsequent modification thereof current at the time of the relevant casualty. The DAILY COMPENSATION FEE shall not contribute to general average. A company approved by both PARTIES shall be appointed average adjuster to attend to the settlement and collection of both general and particular average losses subject to customary charges. CONTRACTOR, COMPANY jointly agree to assist the adjuster in preparing the average statement and to take all other possible measures to protect the interests of CONTRACTOR, and COMPANY.
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Sources: Contract of Provision of Operational and Maintenance Services (CAMAC Energy Inc.)
GENERAL AND PARTICULAR AVERAGE. General average, if any, shall be adjusted, stated, and settled according to the York-Antwerp Rules (2004) or any subsequent modification thereof current at the time of the relevant casualty. The DAILY COMPENSATION FEE shall not contribute to general average. A company approved by both PARTIES shall be appointed average adjuster to attend to the settlement and collection of both general and particular average losses subject to customary charges. CONTRACTOR, OWNER and COMPANY jointly agree to assist the adjuster in preparing the average statement and to take all other possible measures to protect the interests of CONTRACTOROWNER, FPSO and COMPANY.
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