General Average and Risk Management in Medieval and Early Modern Maritime Business 1st edition by Maria Fusaro, Andrea Addobbati, Luisa Piccinno 3031041208 978-3031041204

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ISBN 10: 3031041208
ISBN 13: 978-3031041204
Author: Maria Fusaro, Andrea Addobbati, Luisa Piccinno

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 1st Table of contents:

1. Why and How Risk Is Shared
2. Sharing Risks, on Averages and Why They Matter
3. General Average and All the Rest: The Law and Economics of Early Modern Maritime Risk Mitigation
4. Risky Narratives: Framing General Average into Risk-Management Strategies (Thirteenth–Sixteenth Centuries)
5. Origins and Variants of Mutual Protection
6. General Average in Byzantium
7. Rules and Practices of General Average in the Islamic Mediterranean on the Eve of the Emergence of the Italian Communes
8. Principles and Developments of General Average: Statutory and Contractual Loss Allowances from the Lex Rhodia to the Early Modern Mediterranean
9. The Iberian Experience
10. The ‘Mutualisation’ of Maritime Risk in the Crown of Castile, 1300–1550
11. General Average, Compulsory Contributions and Castilian Normative Practice in the Southern Low Countries (Sixteenth Century)
12. The Nautical Republic of the Carrera de Indias: Commerce, Navigation, Casos Fortuitos and Avería Gruesa in the Sixteenth Century
13. The Genoese Experience
14. General Average in Genoa: Between Statutes and Customs
15. The Economic Structure of Maritime Trade Calling at the Port of Genoa Through the Analysis of General Average Data (Sixteenth–Seventeenth Centuries)
16. Financing and Risk in Genoese Maritime Trade During the Eighteenth Century: Strategies and Practices
17. Mature Systems
18. Divide and Rule: Risk Sharing and Political Economy in the Free Port of Livorno
19. GA Adjustments in Amsterdam: Reinforcing Authority Through Transparency and Accountability (Late Sixteenth–Early Seventeenth Century)

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