GENERAL AVERAGE AND SALVAGE CHARGES. General Average and Salvage charges are payable as provided in the contract of affreightment, or if there be no contract of affreightment according to York/Antwerp Rules 1990 amended. In the event the contributory value for the purpose of contribution to General Average or Salvage charges exceed the insured value, it is agreed that such General Average or Salvage charges shall nevertheless be paid in full by Underwriters hereon, provided always that the amount recoverable under Section I in respect of partial loss arising from any one casualty shall not exceed the value applicable to the item. General Average deposits are payable on production of General Average Deposit receipts. Underwriters agree, if required, to provide General Average guarantees or Salvage security in respect of property insured by the Policy.
