General Average and Risk Management in Medieval and Early Modern Maritime Business

Author: Baturi | 08 January 2023 |

: 0

General Average and Risk Management in Medieval and Early Modern Maritime Business
English | 2023 | ISBN: 3031041178 | 499 Pages | PDF EPUB (True) | 15 MB
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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