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Joint Loss (General Average), A Study Of Emirati Law, York-Antwerp Rules And English Law, A Hassan M
Joint Loss (General Average), A Study Of Emirati Law, York-Antwerp Rules And English Law, A Hassan M
UAEU Law Journal
The rules concerning general average are amongst the oldest in the maritime field. They have their basis in the fact that, during a voyage, the ship, cargo and freight form part of a common venture. The principle underlying the rules is simple. If the common venture comes under threat during a voyage - for instance, because the ship springs a leak and is in danger of sinking - then extraordinary sacrifices and expenditure necessary to prevent the loss of the venture must be apportioned according to the value of each respective interest.
The rules on general average have developed over …