해적위험으로 인한 손해의 공동해손성립에 관한 연구

The consequences of act of piracy and General Average

With the recent increase of piracy at sea, general average have been brought back into focus when coupled with the resurgent risk of ocean shipping. The increase in piracy attacks has resulted in uncertainty amongst shipowners and battles between insurers about the insurance cover related to piracy. It has previously been identified that the sacrifice or the ransom payment might be declared as GA act and the parties to the maritime adventure must contribute to it. The insurer is liable for any GA loss or contribution where the loss was incurred for the purpose of avoiding, or in connection with the avoidance of, a peril insured against. To determine the scope of the insurance cover for piracy, the term piracy must be defined. The definition of piracy is not identical throughout the world's insurance market. This article will focus on piracy and GA, and related insurance issues.