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LAW OF GENERAL AVERAGE Professor P.K. Mukherjee World Maritime University Malmö, Sweden

LAW OF GENERAL AVERAGE Professor P.K. Mukherjee World Maritime University Malmö, Sweden 15 May 2007. LAW OF GENERAL AVERAGE Introduction Historical Evolution. LAW OF GENERAL AVERAGE. 3. Principles of General Average 3.1. Definitions 3.1.1. Judicial Definitions

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LAW OF GENERAL AVERAGE Professor P.K. Mukherjee World Maritime University Malmö, Sweden

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  1. LAW OF GENERAL AVERAGE Professor P.K. Mukherjee World Maritime University Malmö, Sweden 15 May 2007

  2. LAW OF GENERAL AVERAGE • Introduction • Historical Evolution

  3. LAW OF GENERAL AVERAGE 3. Principles of General Average 3.1. Definitions 3.1.1. Judicial Definitions 3.1.2. Statutory Definitions 3.1.3. York- Antwerp Rules Definition 3.2. Legal Basis of Right to General Average

  4. LAW OF GENERAL AVERAGE 4. Ingredients of General Average 4.1. Time of Peril 4.2. Voluntariness 4.3. Reasonableness 4.4. Success 4.5. Directly Consequential 4.6. Extraordinary 4.7. Common Adventure

  5. LAW OF GENERAL AVERAGE 5. General Average Act 5.1. General Average Sacrifice 5.1.1. Sacrifice of Cargo 5.1.2. Sacrifice of Ship 5.1.3. Sacrifice of Freight 5.2. General Average Expenditure

  6. LAW OF GENERAL AVERAGE 6. General Average Contribution and Adjustment 7. York – Antwerp Rules 7.1. Status of York-Antwerp Rules as International Instrument 7.2. Historical Background 7.3. The 1994 and 2004 Rules

  7. LAW OF GENERAL AVERAGE 8. CONCLUSION: FUTURE OF GENERAL AVERAGE 8.1. An Anachronism? 8.2. Adequacy of Marine Insurance Regime

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