York-Antwerp Rules

The York-Antwerp Rules are a set of guidelines used in the shipping and insurance industries to determine how costs related to maritime cargo losses and damages should be shared among parties. Established in 1864, these rules clarify which expenses are considered "general average," meaning costs incurred to save a ship or cargo during unforeseen events. By providing a common framework, the rules help ensure fair treatment for shipowners and cargo owners when losses occur, thus promoting trust and cooperation in maritime trade.