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Titlebook: Effects of Insurance on Maritime Liability Law; A Legal and Economic Muhammad Masum Billah Book 2014 Springer International Publishing Swit

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发表于 2025-3-21 19:09:04 | 显示全部楼层 |阅读模式
书目名称Effects of Insurance on Maritime Liability Law
副标题A Legal and Economic
编辑Muhammad Masum Billah
视频video
概述First examination of maritime liability law using a formal economic analysis approach.Explores the connection between insurance and maritime liability law.Argues that liability insurance is not a hind
图书封面Titlebook: Effects of Insurance on Maritime Liability Law; A Legal and Economic Muhammad Masum Billah Book 2014 Springer International Publishing Swit
描述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 cat
出版日期Book 2014
关键词Cargo liability; Economic analysis; Maritime liability; Oil pollution; Risk management strategy; Shipowne
版次1
doihttps://doi.org/10.1007/978-3-319-03488-1
isbn_softcover978-3-319-34899-5
isbn_ebook978-3-319-03488-1
copyrightSpringer International Publishing Switzerland 2014
The information of publication is updating

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发表于 2025-3-21 23:56:53 | 显示全部楼层
https://doi.org/10.1007/978-3-031-14634-3h fails to take into consideration the main goal of liability law i.e., deterrence from negligence. By limiting the amount of liability, limitation of liability reduces the burden of liability on ship owners. Lower liability leads to lower precaution. Limitation of liability thus encourages negligent navigation.
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Conclusion,e have contributed to better safety and precaution. With the use of various insurance mechanisms insurers are able to keep their insured motivated towards optimal care and consequently to reduce social losses caused by the negligence of the insured. This is best evidenced by the dramatic reduction in oil pollution incidents.
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liability law.Argues that liability insurance is not a hindThe 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 sh
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