Description

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.

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

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Paperback / softback by Maria Fusaro , Andrea Addobbati

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This open access book explores the history of risk management in medieval and early modern European maritime business, focusing particularly... Read more

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    Publisher: Springer International Publishing AG
    Publication Date: 24/12/2022
    ISBN13: 9783031041204, 978-3031041204
    ISBN10: 3031041208

    Number of Pages: 499

    Non Fiction , History

    Description

    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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