# Grossavantur also Grossavanturei (cargo-based underwriting)

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- Post ID: 593419
- Modified: 2023-07-25T21:01:04+00:00
- Language: en

## Definition

A contract that was common in the past in which a lender lends money (cargo-based lending; grossavanture money) to a shipping company for the purchase of goods - usually from overseas - in return for high interest. In return, the lender receives a real right (holding real right) to the goods. However, he assumes the full risk in the event of peril on the sea (average = taking over financial liability resulting from loss of or damage to a ship or its cargo). Avantur = here: advance payment. - See General average, Average, York-Antwerp Rules. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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