/tə ədˈmɪt ɪkˈspɛnsɪz ɪn ˈdʒɛnərəl ˈævərɪdʒ/ – Phrase
Definition: chấp nhận chi phí bồi thường toàn bộ thiệt hại.
A more thorough explanation: “To admit expenses in general average” refers to the act of acknowledging and accepting the costs incurred during a maritime voyage that are shared proportionally among the shipowner and all cargo owners as part of a general average contribution. This legal concept is based on the principle that sacrifices made or expenses incurred for the common safety of the ship and cargo should be shared by all parties involved in the voyage.
Example: The shipowner decided to admit the expenses in general average after the cargo was jettisoned to save the vessel from sinking.