Shipping Terms

Commonly Used Terms

Click on the term below and get an explanation
Understand what the shipping terms means

York-Antwerp Rules of 1974

First implemented in 1974, the York Antwerp rules are a set of international shipping guidelines that establish the rights and liabilities of shipping lines and shippers in cases where cargo has to be thrown overboard to protect a ship. These rules are a codification of the law of General Average, a maritime law under which all parties related to a particular shipment are legally bound to proportionately share any loss that arises from the sacrifice of cargo on board to save the remaining shipments. The York Antwerp rules were amended in 1994 and 2004.

More From Cogoport

Subscribe to our newsletter now!

Don’t miss out on the latest happenings at Cogoport.