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New Jason Clause Sample

Description: General average is the maritime principle of apportionment of the costs of preventing or remedying maritime losses among the parties who would benefit. A New Jason clause is a contractual provision that allows a carrier to collect general average even if the loss is caused by negligence, so long as the carrier provides a seaworthy ship.
Form Type: Contract Clauses
Practice Area: Banking, International Law

Date: May 2014
PLI Item #: 58686
Keywords: "new jason clause"; "general average"; "bill of lading"; damages; "vessel owner; negligence; carrier; voyage; "seaworthy ship"; salvage; insurance; apportionment
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