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This open access book explores the history of risk management in medieval and early modern European maritime business, focusing particularly on 'General Average' – a mechanism by which extraordinary expenses regarding ship or cargo, incurred during a voyage to save the venture, are shared between all participants to protect equity. This volume traces the history of this risk management tool from its origins in the pre-Roman Mediterranean through to its use in the shipping sector today. Contributions range from the Islamic Mediterranean to the Low Countries, and taken together, provide a wide-ranging analysis of social, cultural, and political aspects of pre-modern maritime commerce in Europe.
This book approaches the English Channel as a border which connected, as much as it separated, France and England in the eighteenth century.
By looking at Dutch and Portuguese systems of settlement and trade in Western Africa, this book sheds new light on the formation of Dutch and Portuguese imperial frames, forms of commercial organisation and their role on the seventeenth-century-Atlantic.
The convoys of public galleys, the typical form of Venetian medieval sea-faring, had disappeared gradually by the time of the battle of Lepanto. This disappearance was not the sign of a general economic crisis, but was nevertheless the corollary of important political, economic and social changes which marked the history of sixteenth-century Venice. Through the study of economic actors, their identity, their practices and their functions, this book analyses public and private commercial navigation in relation to the evolution of forms and functions of the State, within a general context of the redefinition of the relationship between public good and private interests.
With contributions from leading scholars in Southern Europe, this compelling book demonstrates the plurality of migratory circumstances and analyses the significance of the Mediterranean migration model. Highlighting the challenges of studying the variability and heterogeneity of migratory patterns in the Mediterranean, this insightful book provides a comprehensive examination of the variations of spatial-temporal scales and sedimentation of different migratory configurations.
This book offers a study of so-called ‘Maritime Averages’, a variety of risk management instruments used in maritime trade, in the Low Countries, showing how Averages played a major role in the institutional development of the Low Countries.