York-Antwerp Rules

Summary of York-Antwerp Rules

An organized body of rules relating to the adjustment of claims arising in General Average (read this and related legal terms for further details). The rules were originally promulgated by world shipping interests in 1890, with revisions and supplements in 1924, 1950, and 1974. The York-Antwerp rules do not enjoy formal status as law but are incorporated into virtually all bills of lading.

(Main Author: William J. Miller)

York Antwerp Rules in International Trade

Meaning of York Antwerp Rules, according to the Dictionary of International Trade (Global Negotiator): A body of rules adopted by international convention to provide a uniform basis for adjusting general average claims. Some nations do not follow this rules, and interested parties should refer to the carrier or to the text of the marine transport document.