California Law (Last Updated: March 4, 2014) |
Harbors and Navigation Code - HNC |
Division 3. VESSELS |
Chapter 1. Vessels Generally |
ARTICLE 2. Liability, Generally |
Section 430.
Latest version.
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In estimating values for the purpose of a general average, the vessel and appurtenances shall be valued as at the end of the voyage, the freightage at one-half the amount due on delivery, and the cargo as at the time and place of its discharge; adding, in each case, the amount made good by contribution.
(Enacted by Stats. 1937, Ch. 368.)