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

Name: General Average and Risk Management in Medieval and Early Modern Maritime Business
Brand: Springer Nature
SKU: 9783031041174
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Springer Nature

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9783031041174

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Product Description

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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