TRIAL QUESTION The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. GA damage to ship GA damage to Cargo PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) Gross amount of freight at risk = 500,000 Freight contingent expenditure = Ship's sound value Total invoice value of cargo Adjusting according to YAR show your calculations in arriving at the GA contributions of the interests you identify in this adventure. = 560,000. = 1,215,000. 800,000 = 1,675,000 = 424,000 30,000 =5,000,000 %3D =8,000,000
TRIAL QUESTION The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. GA damage to ship GA damage to Cargo PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) Gross amount of freight at risk = 500,000 Freight contingent expenditure = Ship's sound value Total invoice value of cargo Adjusting according to YAR show your calculations in arriving at the GA contributions of the interests you identify in this adventure. = 560,000. = 1,215,000. 800,000 = 1,675,000 = 424,000 30,000 =5,000,000 %3D =8,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:TRIAL QUESTION
The following data was collected by an average adjuster assigned to
adjust for a vessel on average after a serious fire broke out on board
endangering the whole adventure resulting in both ship and cargo
sustaining GA damage in addition to PA losses.
GA damage to ship
GA damage to Cargo
PA damage to Ship
PA damage to Cargo
GA expenditure(paid by owner)
Gross amount of freight at risk = 500,000
Freight contingent expenditure =
Ship's sound value
Total invoice value of cargo
Adjusting according to YAR show your calculations in arriving at the
GA contributions of the interests you identify in this adventure.
= 560,000.
= 1,215,000.
800,000
= 1,675,000
= 424,000
30,000
=5,000,000
%3D
=8,000,000
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