Law of Marine Insurance

by Bennett, Howard

• ISBN13: 9780199273591
• ISBN10: 0199273596
• Edition: 2nd
• Format: Hardcover
• Copyright: 2007-03-01
• Publisher: Oxford University Press

Summary

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 caselaw 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 ofspecifically 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, thirdparty 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.

Author Biography

One of the very few academics specialising in shipping law. Howard Bennett (Hind Professor of Commercial Law at University of Nottingham) teaches on law of contract, principles of commercial law, law of marine insurance, maritime law, law of international trade finance, law of international carriage of goods by sea and his research interests are international trade and shipping law (particular marine insurance law), insurance and reinsurance law, general, contract law and secured transactions law.

Table of Contents

Introduction to the law of marine insurance	p. 1
Formation of marine insurance contracts	p. 29
Insurable interest, illegality, and public policy	p. 67
The doctrine of utmost good faith	p. 99
Marine insurance brokers	p. 183
Premiums	p. 217
An introduction to modern marine cover	p. 235
Interpretation and rectification of insurance contracts	p. 261
Principles of causation	p. 301
Marine risks	p. 331
The Inchmaree clause	p. 365
Collision and contact losses	p. 393
War risks	p. 403
Strikes risks	p. 437
Excluded losses	p. 451
Cover provided by mutual insurance associations	p. 483
Duration of cover	p. 493
Attachment and alteration of risk	p. 513
Sub-standard shipping	p. 565
Rights of third parties	p. 597
Losses	p. 631
Claims and claims handling	p. 681
Measures of indemnity	p. 729
Averting and minimizing loss	p. 747
Subrogation	p. 775
Double insurance and contribution	p. 809
Table of Contents provided by Blackwell. All Rights Reserved.