This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Rules of practice of the Association of Average Adjusters relating to General Average and the York-Antwerp Rules
Extract from the introduction to the rules of practice
In the middle of the nineteenth century, when average adjusting as a separate profession was in its infancy, there was very little in the way of established law to guide the practicing adjuster. As a consequence, many points of practice had to be decided in accordance with custom. Some of these customs were ratified subsequently by legal decisions, but others were disapproved. It became evident that, unless steps were taken to establish a reasonable measure of uniformity among average adjusters, the profession would fall into disrepute. In order to remedy this situation the Association of Average Adjusters was founded in 1869 with the principal object of the “promotion of correct principles in the adjustment of Averages and uniformity of practice amongst average adjusters”.
The rest of this document is only available to i-law.com online
If you are already a subscriber, please enter your details below to log in.