Law of Marine Insurance

The law of marine insurance constitutes a major branch of the law of international trade and shipping law which is of considerable international importance. This new edition gives a clear, updated account of English marine insurance law, combining detailed analysis of modern statute and case law with a clear comprehension of practice and commerce in the shipping world. The discussion embraces not only the constantly evolving case law, but also standard forms and clauses (including the 2003 International Hull Clauses), and the rules of mutual insurance associations. Coverage includes all relevant areas of general insurance contract law as well as all issues of specifically marine insurance law. The entire text of the second edition has been considered afresh and includes significant new or additional material in particular relating to: historical background, insurable interest, policy formation, the doctrine of utmost good faith, premiums, policy interpretation, excluded losses, third party rights, losses, claims, aversion and minimisation of loss, insurers' contribution rights, and composite policies. Presenting a revised structure with the practitioner in mind, this new edition includes a new chapter on interpretation and rectification of insurance contracts.

1. Introduction to the Law of Marine Insurance ; 2. Formation of Marine Insurance Contracts ; 3. Insurable Interest, Illegality and Public Policy ; 4. The Doctrine of Utmost Good Faith ; 5. Marine Insurance Brokers ; 6. Premiums ; 7. An Introduction to Modern Marine Cover ; 8. Interpretation and Rectification of Insurance Contracts ; 9. Principles of Causation ; 10. Marine Risks ; 11. The Inchmaree Clause ; 12. Collision and Contact Losses ; 13. War Risks ; 14. Strikes Risks ; 15. Excluded Losses ; 16. Cover Provided by Mutual Insurance Associations ; 17. Duration of Cover ; 18. Attachment and Alteration of Risk ; 19. Sub-standard Shipping ; 20. Rights of Third Parties ; 21. Losses ; 22. Claims and Claims Handling ; 23. Measures of Indemnity ; 24. Averting and Minimising Loss ; 25. Subrogation ; 26. Double Insurance and Contribution