Y / YORK-ANTWERP RULES OF 1974

In 1974, the York Antwerp rules were established to establish rights and responsibilities for shipping lines and shippers in cases where cargo must be thrown overboard to prevent damage to a vessel. As a result of these rules, the law of general average, a maritime law, has been codified; under this law, all parties involved with a particular shipment are legally bound to share equitably any loss resulting from the sacrifice of cargo on board in order to save the remaining shipments. A number of amendments to the York Antwerp rules have been made since 1994.