An ocean transfer cargo ship was forced to jettison some, Finance Basics

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An ocean transfer cargo ship was forced to jettison some

An Ocean Transfer cargo ship was forced to jettison some cargo during a severe storm. The various interests in the voyage at the time the property was jettisoned are the following: The captain jettisoned iron ore valued at $800,000. What is the amount that Ocean Transfer must pay under a general average loss? Explain your answer

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Finance Basics: An ocean transfer cargo ship was forced to jettison some

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Finance Basics: An ocean transfer cargo ship was forced to jettison some

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