Marine Insurance 2017
Foreword by Chris Adams
Head of Loss Prevention, Steamship Mutual
Offering financial protection against maritime and transit
losses, marine insurance gives the shipping industry the confidence
to trade. Without the shelter from risk presented by insurance,
shipping transactions and operations would be severely curtailed as
players would have to rely on their own funds to cover accidents,
loss or damage.
Marine Insurance delivers a valuable briefing on this
important sector. Insurance and reinsurance markets are reviewed,
as are the role of the marine insurance broker and London market
associations, such as the International Underwriting Association.
The book analyses the UK Marine Insurance Act 1906 and discusses
the principles of marine insurance. In addition, it details the
nuances of particular versus general average and covers indemnity
and third-party liability.
Looking at policies, Marine Insurance considers
facultative cargo insurance and cargo and time clauses in great
detail. It includes policies and stand-alone Institute cargo
clauses in full for a better understanding of the complexities
involved. Claims are examined and the concepts of actual total
loss, constructive total loss and compromised total loss are
explained in detail.
George Greenwood, Contributing Editor
Jonathan Lloyd Jones, Contributing Editor
Ted Zaimis, Contributing Editor
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