Effects of Insurance on Maritime Liability Law A Legal and Economic Analysis /

• Main Author: Masum Billah, Muhammad (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2014.
• Subjects: Law.; Insurance.; Law > Philosophy.; International law.; Trade.; Law of the sea.; International environmental law.; Water pollution.; Law of the Sea, Air and Outer Space.; International Environmental Law.; International Economic Law, Trade Law.; Theories of Law, Philosophy of Law, Legal History.; Waste Water Technology / Water Pollution Control / Water Management / Aquatic Pollution.

The book examines how the absence of insurance in the past led to some special maritime liability law principles such as ‘general average’ (i.e., losses or expenses shared by all the parties to a maritime adventure) and the limitation of shipowners’ liability. In the absence of insurance, these prin...