York Antwerp Rules (YAR)
Term · Insurance and risk management · MLC-T-INS-003576
A set of internationally recognized rules governing the adjustment of general average in maritime law. These rules provide a framework for determining which losses and expenses incurred to save a ship and its cargo from common peril should be shared proportionally by all parties involved in the maritime venture. The current version, the York-Antwerp Rules 2016, is widely adopted in marine insurance contracts and bills of lading.
| Identifier | MLC-T-INS-003576 |
|---|---|
| Field | Insurance and risk management |
| Abbreviation | YAR |
Record as JSON
{
"id": "MLC-T-INS-003576",
"term": "York Antwerp Rules (YAR)",
"field": "Insurance and risk management",
"definition": "A set of internationally recognized rules governing the adjustment of general average in maritime law. These rules provide a framework for determining which losses and expenses incurred to save a ship and its cargo from common peril should be shared proportionally by all parties involved in the maritime venture. The current version, the York-Antwerp Rules 2016, is widely adopted in marine insurance contracts and bills of lading.",
"abbreviation": "YAR",
"url": "https://mlchart.com/terminology/insurance/york-antwerp-rules-yar/"
}
Record 3,666 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.