York-Antwerp Rules
The York-Antwerp Rules are internationally recognized rules for adjusting general average, the maritime principle under which cargo owners and the shipowner share losses from sacrifices or expenses made to save a voyage.
What it requires
Developed from the York Rules of 1864 and given their present name in the 1890 revision, the rules are maintained by the Comite Maritime International, most recently as the York-Antwerp Rules 2016 adopted in New York in May 2016. They apply only when incorporated into a bill of lading or charter party; BIMCO forms use the 2016 version, while many contracts still cite 1994. When general average is declared, each cargo interest must post a bond and security, often an insurer's guarantee, before the carrier releases cargo.
Why it matters
General average can freeze a fulfillment operator's inventory at a port even when its own containers were undamaged. When a carrier declares general average after a fire or grounding, every cargo owner must provide security before release, and uninsured owners may have to pay cash deposits. For example, after the 2024 Francis Scott Key Bridge collision the owner of the ship Dali declared general average, and cargo interests had to post security to get their containers delivered. Marine cargo insurance covers these contributions, which is why importers should insure ocean shipments.
Events
Related laws
Sources
- York-Antwerp Rules 2016 adopted by the CMI, London P&I Club londonpandi.com
- General average update: the 2016 York-Antwerp Rules, Bowmans bowmanslaw.com
Not legal advice.