Following Basis

An agreement that an adjustment in general average shall be made on the “following basis,” followed by a statement of the amount to be contributed for the valuation of the ship after collision, and the valuation of the freight and the cargo, does not mean that the freight shall be assessed on Its gross valuation, but merely that the valuation shall be taken as the foundation upon which the adjustment shall be made according to law; and if the law applicable prescribes that the freight shall be assessed at one half its gross value, as In California, this will prevail. Minor v. Assur. Co., 58 Fed. 801.