Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis - Image 1

£118.97

Springer Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis

Name: Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis
Brand: Springer
Price: 118.97 GBP
Availability: InStock

International

Price History & Forecast

Last 85 days • 85 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 85 days • 1 price levels

Days at Price

Price Analysis

Most common price: £119 (85 days, 100.0%)

Price range: £119 - £119

Price levels: 1 different prices over 85 days

Description

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 is easily available and affordable to the both parties to a liability claim, the main goal of liability law should be deterrence as opposed to compensation. This is exactly the case with the maritime cargo liability claims where both cargo owners and shipowners are invariably insured. As a result, the sole focus of cargo liability law should be and to a great extent, is deterrence. On the other hand in the vessel-source oil pollution liability setting, pollution victims are not usually insured. Therefore oil pollution liability law has to cater both for compensation and deterrence, the two traditional goals of liability law. The final question the work addresses is whether the deterrent effect of liability law is affected by the availability of liability insurance. Contrary to the popular belief the work attempts to prove that the presence of liability insurance is not necessarily a hindrance but can be a complementary force towards the realization of deterrent goal of liability law.

Product Specifications

Brand: Springer
Format: hardcover
ASIN: 3319034871
Category: Books > Subjects > Business, Finance & Law > Law > International
Domain: Amazon UK
Release Date: 20 January 2014
Listed Since: 25 October 2013

Barcode

No barcode data available

Springer Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Effects of Insurance on Maritime Liability Law: A Legal and Economic Analysis

Civil Liability for marine Oil Polution Damage: A Comparative and Economic Study of the International, US and Chinese Conpensation Regime ( Energy and ... Supranational and Comparative Aspects, 19)

Maritime Pollution Liability and Policy: China, Europe and the U.S. (Energy and Environmental Law and Policy Series, vol. 13) (Energy and ... - Supranational and Comparative Aspects, 13)

Pollution at Sea: Law and Liability (Maritime and Transport Law Library)

Limitation of Liability in International Maritime Conventions: The Relationship between Global Limitation Conventions and Particular Liability Regimes (IMLI Studies in International Maritime Law)

Limitation of Liability in International Maritime Conventions: The Relationship between Global Limitation Conventions and Particular Liability Regimes (IMLI Studies in International Maritime Law)

Marine Insurance Legislation (Lloyd's Shipping Law Library)

Modern Maritime Law (Volumes 1 and 2) (Maritime and Transport Law Library)

Cases and Materials on Marine Insurance Law

SELECTED ISSUES IN MARITIME LA: Liber Amicorum Proshanto K Mukherjee (Law and Legislation)

Marine Insurance Law

The Obligations of the Carrier Regarding the Cargo: The Hague-Visby Rules

Marine Insurance Law

Maritime Organisation, Management and Liability: A Legal Analysis of New Challenges in the Maritime Industry

Marine Cargo Insurance (Lloyd's Shipping Law Library)

Marine Cargo Insurance (Lloyd's Shipping Law Library)

Research Handbook on Marine Insurance Law (Research Handbooks in Private and Commercial Law series)

Civil Liability for Environmental Damage: A Comparative Analysis of Law and Policy, 2nd edition ( Energy and Environmental Law & policy Series): ... Supranational and Comparative Aspects, 23)

Insurance and Legal Issues in the Oil Industry (International Energy & Resources Law and Policy Series Set)

Eine ökonomische Betrachtung des zivilrechtlichen Haftungsproblems 'Entwicklungsrisiko'

Causation in Insurance Contract Law (Contemporary Commercial Law)

Modern Maritime Law (Volume 2): Managing Risks and Liabilities (Maritime and Transport Law Library)

Haftung und Entschädigung nach Tankerunfällen auf See: Bestandsaufnahme, Rechtsvergleich und Überlegungen de lege ferenda: 6 (Hamburg Studies on Maritime Affairs, 6)

Routledge The York-Antwerp Rules - Maritime Law Book