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Search Result for " Y"
| TITLE |
DESCRIPTION |
| Y/A Rules |
York-Antwerp Rules. |
| Yaw |
A ship “yaws” when her bow moves from side to side, usually causing her to maintain a zig zag course. In most case, it is caused by lack of steerage control. |
| York-Antwerp Rules |
A set of rules to enable uniformity to be obtained in adjustment of general average. The 1974 rules contain a Rule of Interpretation which provides that the specific circumstances detailed in the numbered rules shall be considered first. If the situation does not fit any of the numbered rules the lettered rules must be applied. Most general average is settled in accordance with the York-Antwerp Rules, but if the contract does not provide for these rules, the adjustment will either by made on Foreign adjustment or on English Law and Practice. Whichever set of rules is used the marine insurer agrees to abide by the decisions of the adjuster where the policy is involved. |
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