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Through judicial opinions, statutes, conventions, documents, and textual notes, this Admiralty casebook shows how lawyers help their clients reallocate the risks inherent in domestic and international maritime transactions, and how lawyers help resolve disputes that arise from maritime transportation. The Sixth Edition updates the treatment of the usual topics and significantly rearranges the structure. A new chapter titled Loss Allocation combines previous chapters on general average, marine insurance, and limitation of liability into a single presentation. This new chapter addresses questions such as whether a potential loss can be reallocated in advance; whether to leave the loss where it falls or to make the duty-breacher pay; and whether the loss is limited, shared, or diverted to another party. The editors have sought to keep the Sixth Edition both comfortable for long-time users and accessible to new users.