Average

Highest Average Method in Constitutional Law

From the Comparative Constitutions Project: The highest averages method is one way of allocating seats proportionally for representative assemblies with party list voting systems. The highest averages method requires the number of votes for each party to be divided successively by a series of divisors, and seats are allocated to parties that secure the highest resulting quotient, up to the total number of seats available.

Definition of Average in International Trade

The following is a concept of Average in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): Insurance term for a loss or damage incident that is less than total:

• A particular average is an insurance loss that affects specific interests only.

• A general average is an insurance loss that affects all cargo interests on board the vessel as well as the ship herself.

See general average; particular average.

With Average (WA) in International Trade

Meaning of With Average (wa), according to the Dictionary of International Trade (Global Negotiator): Insurance coverage which gives the assured protection for partial damage by sea perils, if the partial damage amounts to 3% (or other percentage specified) or more of the value of the whole shipment or of a shipping package. If the vessel has stranded, sunk, been on fire or in collision, the percentage requirement is waived and losses from sea perils are recoverable in full. See all risks; general average; particular average.

Description of Average

In this reference work, average is a sort of the Maritime law category.

Average

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See Also

• See the Subdefinitions in the legal dictionary

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See Also