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General Average and Risk Management in Medieval and Early Modern Maritime Business
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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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Keywords
- Business
- Economic history
- Economics
- Economics, finance, business & management
- European History
- History
- Humanities
- Insurance
- Jurisprudence & general issues
- Law
- legal history
- mitigation
- Regional & national history
- thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
- thema EDItEUR::L Law::LA Jurisprudence and general issues::LAZ Legal history
- thema EDItEUR::N History and Archaeology::NH History::NHD European history
- trade
Links
DOI: 10.1007/978-3-031-04118-1Editions