Avaria Avarie is a legal term used in maritime law to refer to damage or loss of a ship or its cargo. It is often used in insurance claims and refers to any type of damage or loss that occurs during the course of a voyage. The term is derived from the Latin word “avaria” which means damage or loss, and it is an important concept in maritime law for determining liability and compensation for any damage or loss that occurs at sea.
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This glossary post was last updated: 30th March 2024.
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