Inter-ocean transfer be responsible under general average

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Reference no: EM131148448

An Inter-Ocean Transfer cargo ship was forced to jettison some cargo in heavy seas. The various interests in the voyage at the time the property was jettisoned wereValue of the ship: $2.0 millionValue of lumber and wood chips: $1.0 millionValue of iron ore: $2.0 millionIf $400,000 worth of iron ore was jettisoned, for how much of this amount would Inter-Ocean Transfer be responsible under general average?

A. nothing

B. $160,000

C. $200,000

D. $400,000

Reference no: EM131148448

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