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The IMLI Manual on International Maritime Law - Volume II: Shipping Law edited by Attard, David J; Fitzmaurice, Malgosia; Arroyo, Ignacio; Martinez, Norman; Belja, Elda (21st January 2016)

20 Law of General Average

Bent Nielsen

From: The IMLI Manual on International Maritime Law: Volume II: Shipping Law

Edited By: David J Attard, Malgosia Fitzmaurice, Ignacio Arroyo, Norman Martinez, Elda Belja

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 19 May 2019

Subject(s):
Seafarers — Nationality of ships — Straits

This chapter examines the law of general average, a legal principle of maritime law. The law states that if the common adventure consisting of the ship and the cargo is exposed to peril at sea, losses and expenses which are intentionally incurred to save the common adventure from the peril shall be shared by the saved interests in proportion to their values. The first codification of general average was the York-Antwerp Rules (YAR) 1890, which presented the rights and obligations of ship and cargo owners when cargo must be jettisoned to save a ship. The chapter highlights the YAR 1994 which first added the provision that when the community of interest between the ship and the cargo is finished, there is no longer a common adventure and there will be no general average allowance made for any sacrifice or expenditure arising after that moment.

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