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000697494 020__ $$a9783319034881 $$qelectronic book
000697494 020__ $$a331903488X $$qelectronic book
000697494 020__ $$z9783319034874
000697494 0247_ $$a10.1007/978-3-319-03488-1$$2doi
000697494 035__ $$aSP(OCoLC)ocn876161313
000697494 035__ $$aSP(OCoLC)876161313
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000697494 049__ $$aISEA
000697494 050_4 $$aK1168$$b.M64 2014
000697494 08204 $$a343.09/6$$223
000697494 1000_ $$aMohd. Ma'sum Billah,$$d1968-,$$eauthor.
000697494 24510 $$aEffects of insurance on maritime liability law$$h[electronic resource] :$$ba legal and economic analysis /$$cMuhammad Masum Billah.
000697494 264_1 $$aCham :$$bSpringer,$$c2014.
000697494 300__ $$a1 online resource (xv, 210 pages)
000697494 336__ $$atext$$btxt$$2rdacontent
000697494 337__ $$acomputer$$bc$$2rdamedia
000697494 338__ $$aonline resource$$bcr$$2rdacarrier
000697494 5050_ $$a1. Introduction -- 2. Lack of Insurance and Its Effect on Maritime Liability Law: A Historical Evaluation -- 3. Insurance and Limitation of Ship owners? Liability: An Economic Analysis -- 4. Insurance through General Average: Its Justifications and Effects on Optimal Care and on Social Costs -- 5. Maritime Cargo Liability Regimes in Light of Insurance Realities -- 6. Role of Insurance in Providing Adequate Compensation for Oil Pollution Damage and in Reducing Oil Pollution Incidents -- 7. Incentive Effect of Liability Rules in the Presence of Liability Insurance -- 8. Conclusion.
000697494 506__ $$aAccess limited to authorized users.
000697494 520__ $$aThe book examines how the absence of insurance in the past led to some special maritime liability law principles such as general average (i.e., losses or expenses shared by all the parties to a maritime adventure) and the limitation of shipowners' liability. In the absence of insurance, these principles served the function of insurance mostly for shipowners. As commercial marine insurance is now widely available, these principles have lost their justification and may in fact interfere with the most important goal of liability law i.e., deterrence from negligence. The work thus recommends their abolition. It further argues that when insurance is easily available and affordable to the both parties to a liability claim, the main goal of liability law should be deterrence as opposed to compensation. This is exactly the case with the maritime cargo liability claims where both cargo owners and shipowners are invariably insured. As a result, the sole focus of cargo liability law should be and to a great extent, is deterrence. On the other hand, in the vessel-source oil pollution liability setting, pollution victims are not usually insured. Therefore, oil pollution liability law has to cater both for compensation and deterrence, the two traditional goals of liability law. The final question the work addresses is whether the deterrent effect of liability law is affected by the availability of liability insurance. Contrary to the popular belief the work attempts to prove that the presence of liability insurance is not necessarily a hindrance but can be a complementary force towards the realization of deterrent goal of liability law.
000697494 588__ $$aDescription based on online resource; title from PDF title page (SpringerLink, viewed Apr. 9, 2014).
000697494 650_0 $$aMaritime law.
000697494 650_0 $$aLiability (Law)
000697494 650_0 $$aLiability for marine accidents.
000697494 85280 $$bebk$$hSpringerLink
000697494 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-03488-1$$zOnline Access
000697494 909CO $$ooai:library.usi.edu:697494$$pGLOBAL_SET
000697494 980__ $$aEBOOK
000697494 980__ $$aBIB
000697494 982__ $$aEbook
000697494 983__ $$aOnline
000697494 994__ $$a92$$bISE