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Learning

Marine insurance 2015

Foreword by Chris Adams,

Head of Loss Prevention, Steamship Mutual

ISBN 978-1-908833-62-4

Pages: 300

Offering financial protection against maritime and transit losses, marine insurance gives the shipping industry the confidence to trade. Without the shelter to risk presented by insurance, shipping transactions and operations would be severely curtailed as players would have to rely on their own funds to cover incidents, loss or damage.

Marine Insurance delivers a valuable briefing on this important sector. London 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 of London. The book analyses the 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 standalone 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 explained in detail.

If you are a student or a member, you can order books directly through your personal account online at www.shipbrokers.org. Alternatively, you can place an order by sending a completed book order form to enquiries@ics.org.uk

Members receive 50% discount on all books.

MI 2015 Cover final print ready version