Jettison

What is Jettison?

Jettison is an intentional act of throwing overboard a ship parts of shipment or dropping out some body part of a vessel in order to save the rest of the shipment or the whole vessel from complete damage.

Whenever jettison occurs, the owner of the vessel is entitled to ‘General Average.’ It implies that all the stakeholders are to bear equal losses in case of a damage to any shipment regardless of whose goods they are.