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 Second edition gives a clear, updated account of English marine insurance law, combining detailed analysis of modern statute and case law with a clear comprehension of practice and commerce in the shipping world. The text not only embraces 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 of specifically 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, third party 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: Howard Bennett, Hind Professor of Commercial Law, University of Nottingham. One of the very few academics specialising in shipping law. Howard Bennett 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.

ISBN: 9780199273591

Publishers: Oxford University Press - 01 June 2006

Binding Format: Hardback, 1,080 pages | 246x171mm

CONTENTS:

1. Introduction to the Law of Marine Insurance
2. Formation of Marine Insurance Contracts
3. Insurable Interest, Illegality and Public Policy
4. The Doctrine of Utmost Good Faith
5. Marine Insurance Brokers  
6. Premiums
7. An Introduction to Modern Marine Cover  
8. Interpretation and Rectification of Insurance Contracts
9. Principles of Causation
10. Marine Risks
11. The Inchmaree Clause  
12. Collision and Contact Losses  
13. War Risks  
14. Strikes Risks
15. Excluded Losses
16. Cover Provided by Mutual Insurance Associations  
17. Duration of Cover  
18. Attachment and Alteration of Risk  
19. Sub-standard Shipping  
20. Rights of Third Parties  
21. Losses  
22. Claims and Claims Handling  
23. Measures of Indemnity  
24. Averting and Minimising Loss  
25. Subrogation  
26. Double Insurance and Contribution