Provides an up-to-date account of the principles of general average and considers how the law has been modified in practice to take account of the York Antwerp Rules and the Association of Average Adjusters’ Rules of Practice

This book provides:

• Recent developments in case law since the first edition in 1997
• The 2004 revision of the York Antwerp Rules,the basic practical rules underlying general average adjustment internationally (only the second time in 30 years)

• Discussion of the implications of the new rules and how they fit with existing law and practice
• Comparison of the provisions of the 1974, 1994 and 2004York Antwerp Rules

Contents:

1. The nature of general average
2. The conditions of general average
3. Qualifying losses
4. Exceptions to liability to contribute
5. Effects of a General Average Act
6. Adjustment
7. Insurance Contracts