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General Average and Risk Management in Medieval and Early Modern Maritime Business
Paperback
EconomicsMedieval & Renaissance HistoryGeneral Law
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ISBN10: 3031041208
ISBN13: 9783031041204
Publisher: Palgrave Macmillan
Published: Dec 24 2022
Pages: 499
Weight: 1.37
Height: 1.06 Width: 5.83 Depth: 8.27
Language: English
ISBN13: 9783031041204
Publisher: Palgrave Macmillan
Published: Dec 24 2022
Pages: 499
Weight: 1.37
Height: 1.06 Width: 5.83 Depth: 8.27
Language: English
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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