Written from the perspective of the Average Adjuster, and updated to include a detailed analysis of the new rules adopted in 2016, this book is an essential read for practitioners in maritime law and marine insurance. The book contains: historical references regarding the establishment of General Average from Roman Law onwards; details of the establishment of International rules to achieve uniformity in the adjustment of General Average and their development: the Glasgow Resolutions of 1860; the York rules of 1864; and the York-Antwerp Rules 1877, 1890, 1924, 1950, 1974, 1994, 2004 and 2016; a detailed analysis of the York-Antwerp Rules 2016; CMI Guidelines relating to General Average; general average security; general average absorption clauses; and new to this edition: insurance of average disbursements.

Written from the perspective of the Average Adjuster, this book is an essential read for practitioners in maritime law and marine insurance. The book contains: • Historical references regarding the establishment of GeneralAverage from Roman Law onwards • Establishment of the International rules: • The Glasgow Resolution 1860 • The York rules of 1864 • The York-Antwerp Rules 1877, 1890, 1924, 1950, 1974 & 1994 • The variation and changes to the text in 2004 but only those which had a significant effect • Why the 2004 changes were not universally adopted; and • General average security.

This handbook explains and clarifies the principles and practice of general average adjustment in accordance with the York-Antwerp Rules. This edition has been updated and expanded to incorporate an analysis of the latest version of the rules, the York-Antwerp Rules 1994.

Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

Reeds Marine Insurance is aimed at all those who have little or no experience of marine or any other form of insurance working within the maritime transport field. Ideal for cargo operators, port managers, ship brokers, and shipping transport managers, it will also be invaluable for students on maritime law, sea transport and shipping courses and for those studying marine insurance as part of a maritime management course. It is designed to take the reader from the basics through to a competent level of understanding on the subject. It includes: - the main principles underlying marine insurance - the 1983, 1995 and 2003 hull clauses fully explained together with war risks insurance - a complete outline of the cover given by P and I clubs, set out in an easy to read format - an in-depth look at cargo insurance and the standard clauses - the principles of General Average - legal precedents.

This open access book explores the history of risk management in medieval and early modern European maritime business, focusing particularly on 'General Average' – a mechanism by which extraordinary expenses regarding ship or cargo, incurred during a voyage to save the venture, are shared between all participants to protect equity. This volume traces the history of this risk management tool from its origins in the pre-Roman Mediterranean through to its use in the shipping sector today. Contributions range from the Islamic Mediterranean to the Low Countries, and taken together, provide a wide-ranging analysis of social, cultural, and political aspects of pre-modern maritime commerce in Europe.