ABSTRACT
In order to understand risk management, discussed in various parts of this book, it is important to understand the infrastructures involved in the setting up, operating and trading of shipping companies. The complexities of the interrelations between such infrastructures are enormous and they would require a separate study from sociological, psychological and economic perspectives, with examples of case studies if that were feasible. Therefore, it is only intended, in this epilogue, to present a framework against which risk management can be evaluated and highlight the areas in which legal risk management, which has been misunderstood, would need to be practised more systematically.
