General Average and Risk Management in Medieval and Early Modern Maritime Business
1st ed. 2023
Book Details
Format
Hardback or Cased Book
ISBN-10
3031041178
ISBN-13
9783031041174
Edition
1st ed. 2023
Publisher
Springer International Publishing AG
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 2nd, 2023
Print length
499 Pages
Weight
810 grams
Dimensions
21.90 x 15.70 x 3.50 cms
Product Classification:
European historyEconomic historyShipping industriesLegal history
Ksh 8,100.00
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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 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.
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