|Statement||by the UNCTAD secretariat ; United Nations Conference on Trade and Development.|
|Contributions||United Nations Conference on Trade and Development. Secretariat.|
|LC Classifications||K1228 .L43 1982|
|The Physical Object|
|Pagination||v, 55 p. ;|
|Number of Pages||55|
|LC Control Number||83137289|
Report by UNCTAD Secretariat. Legal and documentary aspects of the marine insurance contract. UNCTAD. Secretariat. Some of the contributions touch upon areas of the law which will be amended by the Insurance Act , and provide an insight to the future changes in the law. The topics covered are. An assessment of the Marine Insurance Act ; Construction of marine policies; Litigating against brokers – the measure of damagesAuthor: Rhidian Thomas. 3. Marine insurance defined.—A contract of marine insurance is an agreement whereby the insurer undertakes to indemnify the assured, in the manner and to the extent thereby agreed, against marine losses, that is to say, the losses incidental to marine adventure. 4. Mixed sea and land risks.—(1) A contract of marine insurance may, by its.
4 franchise).Thus, a policy of insurance is not a perfect contract of indemnity. See Irving v. Manning () 1 HLC Common law and civil law definitions of marine insurance: they are very similar. Terminology of marine insurance in a nutshell: the insured (assured, policyholder), the insurer (underwriter, assurer, insurance company), the subject-matter insured and many. Marine Insurance Contract means an agreement where insurer undertakes to pay to the assured in the manner as agreed between them for the damages occurred during the marine journey. It also includes the incident in which the losses are occurred in inland waters and also on land risk which may be assumed as sea voyage. of policies and judicial precedent further developed marine insurance law. In the Marine Insurance Act was passed which codified the previous common law; it is both an extremely thorough and concise piece of work. Although the title of the Act refers to marine insurance, the general principles have been applied to all non-life insurance. This note gives an overview of the general legal principles which apply to insurance contracts including the requirement of insurable interest, the remedies for breach of contract terms and the insurer's right of subrogation. The note also sets out the typical requirements for making a claim under the contract and identifies the circumstances where third parties may have a right to enforce the.
Claims – Legal & Procedural Aspects; Consequential Loss Insurance; Specialised Policies and Overseas Practice. Marine Insurance: Basic Concepts; Fundamental Principles; Underwriting; Types of Covers; Marine Claims; Marine Recoveries; Role of Banker’s in marine Insurance; Loss Prevention, Reinsurance, Maritime Frauds. Nature of Insurance Contract - Features of Insurance Contract - Types of Insurance - Concept of Marine Insurance Act, Employees State Insurance Act etc.), Consumer Protection, Courts, Tribunals, Insurance Ombudsmen, Arbitration. LIST OF RECOMMENDED BOOKS ELECTIVE PAPER INSURANCE LAW AND PRACTICE List of Recommended Books: 1. M. N. This paper analyses the legal aspects the marine insurance in India and provides an overview and analysis of the Marine Insurance Act, I. INTRODUCTION. The need to insure property against the economic consequences of its loss or damage has become a fundamental feature of modern society. Insurance underpins key aspects of society by. Insurance policy is a legal contract & its formation is subject to the fulfillment of the requisites of a contract defined under Indian Contract Act According to the Act “A Contract may be defined as an agreement between two or more parties to do or to abstain.