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Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis
Muhammad Masum Billah
€ 227.50
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Description for Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis
Hardcover. Effects of Insurance on Maritime Liability Law Num Pages: 225 pages, black & white illustrations. BIC Classification: KFFN; LAB; LBB; LBBM; LBBP; TQSW. Category: (P) Professional & Vocational. Dimension: 240 x 163 x 17. Weight in Grams: 494.
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 principles served the function of insurance mostly for shipowners. As commercial marine insurance is now widely available, these principles have lost their justification and may in fact interfere with the most important goal of liability law i.e., deterrence from negligence. The work thus recommends their abolition. It further argues that when insurance ... Read more
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 principles served the function of insurance mostly for shipowners. As commercial marine insurance is now widely available, these principles have lost their justification and may in fact interfere with the most important goal of liability law i.e., deterrence from negligence. The work thus recommends their abolition. It further argues that when insurance ... Read more
Product Details
Format
Hardback
Publication date
2014
Publisher
Springer
Condition
New
Number of Pages
210
Place of Publication
Cham, Switzerland
ISBN
9783319034874
SKU
V9783319034874
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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