The rules to be applied, both in estimating the value of the cargo sacrificed and in valuing the cargo saved, depend on the time and place of the adjustment and not on the time and place of the sacrifice1. In estimating the value of the cargo sacrificed, it is necessary to take into account the probable state of the cargo on its arrival if the sacrifice had never taken place; if, therefore, it would in all probability have arrived in an unsound state, the value for the purposes of contribution is its value if it had arrived in an
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