Abstract
AbstractThe Evolution from Sea Loans to Insurance in the Medieval Legal Discourse. In medieval law sea loan contracts are faced with the canon law prohibition of usury. The lender thus may not claim any interest on the loan. Moreover, by the decretal Naviganti the lender is also charged with usury when asking for a compensation for taking over the risk of transport by ship. The article considers the question of how and on which basis jurists subsequently justified the legitimacy of such a premium for the adoption of risk and how thereby the insurance contract originated as a spin-off of the sea loan.
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