Terms & Glossaries of Shipping and Trading

Average Adjusters

In general average, affairs average adjusters are entrusted with the task of apportioning the loss and expenditure over the parties interested in the maritime venture and to determine which expenses are to be regarded as average or general average.

What is Average Adjusters?

An average adjuster is a person who calculates average claims, especially for marine insurance. An average adjuster is a marine claims specialist responsible for adjusting and providing the general average statement.