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Marine Insurance
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Marine Insurance
The Nature of Marine Insurance
In a contract of marine insurance
the insurer undertakes,
in consideration of a premium,
to indemnify the assured against loss occasioned
by perils incident to a marine adventure.
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Marine Insurance
The Nature of Marine Insurance
INSURER
INSURED
Pay premium
Indemnify against loss
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The complex circumstances involved in sea voyages require very specific arrangements
for the provision of marine insurance.
(for example)
The fixing of rates and special conditions requires
a vast knowledge of the nature of vessels and cargo and of the conditions of navigation.
Marine Insurance
The Nature of Marine Insurance
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Marine Insurance
1. Contract of indemnity
A contract of marine insurance
=…(생략)
2. Losses Incident to Marine Adventure
3. Mixed Sea and Land risk
4. The Subject-matter Insured
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rtial loss
Actual total loss
Constructive total loss
Particular average
General average : G.A.
Marine Insurance
Types of Maritime Loss
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Chapter 06
Marine Insurance
국제무역실무 6조
박사연 석주리 성아름 박재현
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Marine Insurance
4. The Subject-matter Insured
1. Ship
Rule 15 of the Rules for Construction of the Policy set out in the First Schedule to the Marine Insurance Act 1906 State
- The term ‘Ship’ includes the hull, materials and outfit, stores and provisions for the officers and crew, and in the case of vessels engaged in a special trade, the ordinary fittings requisite for the trade, and also, in the case of a steamship, the machinery, boilers, and coals and engine stores, if owned by the assured.
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Marine Insurance
4. The Subject-matter Insured
2. Goods
Rule 17 of the Rules for Construction of the Policy set out in the First Schedule to the Marine Insurance Act 1906 State
- The term `goods` means goods in the nature of merchand
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