engleski

The Insurance Function of Roman Maritime Loan

The book chapter is a part of the maritime risk management volumes which examine different maritime risk management strategies by adopting a variety of methodological approaches. By focusing on the contract of maritime loan, which was adapted into the existing architecture of Roman legal system and altered to meet the new developments of commerce, this contribution aims to analyze its insurance function. Using the modern insurance concept as a benchmark, the objective of this chapter is to examine the coherence between elements of modern insurance (contractual parties, subject of insurance, premium, risk, covered loss etc.) and its historical precursor through an interdisciplinary approach, and thus provide a modest contribution to the study of the development of marine insurance in the Mediterranean.

maritime loan, marine insurance, premium, risk

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