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GENERAL AVERAGE

Contracts of affreightment usually provide for general average to be adjusted according to a set of internationally agreed rules, known as the York-Antwerp Rules:

York-Antwerp Rules 2016
CMI Guidelines relating to General Average

York-Antwerp Rules 1994
Commentary on the York-Antwerp Rules 2004

Acceptable general average security usually consists of an Average Bond signed by the owner or receiver of the goods and an unlimited and unqualified Average Guarantee signed by the insurer of the goods:

Average Bond
Average Guarantee
Valuation Form

MARINE INSURANCE

Marine Insurance Act, 1906
Rules of Practice of the Association of Average Adjusters
International Hull Clauses 2003