Question

What is the legal principle of maritime law according to which all parties in a sea venture proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency?

Answer 1

The legal principle of maritime law you are referring to is General Average. According to this principle, all parties involved proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.

Step-by-step explanation:

The legal principle of maritime law you are referring to is General Average. According to this principle, in a sea venture, all parties involved proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency. This means that if part of the ship or cargo is intentionally sacrificed for the common good, all parties contribute towards compensating for the loss based on the value of their interests.