Piracy, General Average and Marine Insurance

Christina S.C Wang

doi:10.11175/eastpro.2009.0.21.0

Vol.7 (The 8th International Conference of Eastern Asia Society for Transportation Studies, 2009)

DOI https://doi.org/10.11175/eastpro.2009.0.21.0

Conference information

Host: Eastern Asia Society for Transportation Studies

Practical Paper

Piracy, General Average and Marine Insurance

*Christina S.C Wang

Author information

Keywords: ransom, Duty of Assured

CONFERENCE PROCEEDINGS FREE ACCESS

Pages 21

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Abstract

Vessel attacking and hijacking by pirate of Somalia and ransom demanded and paid by owners drastically happened and at a peak in 2007, continuously happened in 2008 and 2009. The paper is to deal with ransom only that is the most cases concluded with. We discuss the coverage by insurance as well as the contribution by General Average.

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