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

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


Authors
Unknown
ISBN
9783031041174
Published
Binding
Hardcover
Pages
499
Dimensions
148 x 210mm

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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