The Law of Marine Insurance, 2nd Edition

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The Law of Marine Insurance, 2nd Edition

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Increased and detailed level of coverage relevant for practitioners
Appendices reproduce relevant legislation, standard forms and clauses and mutual insurance association rules
Clear and accessible writing makes this a user-friendly, time-saving text for practitioners in insurance and shipping fields
Full coverage of commonly used market clauses, including both Institute and International Hull Clauses.

New to this edition

Revised structure including a new chapter on interpretation and rectification of insurance contracts

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 case law 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 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.

Readership: Principle audience will be practitioners in insurance and shipping fields. Will also be suitable for students and academics in international trade law, insurance law and commercial law.

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

Howard Bennett, Hind Professor of Commercial Law, University of Nottingham

"**Review of previous edition**...All this material is attractively and clearly presented...There are interesting historical accounts... The citation of relevant authorities is impressive, and little of relevance is omitted...The value of the book transcends its coverage of these specifically "marine topics"...There is an impressive citation and analysis of both marine and non-marine decisions... succeed in drawing together and analysing a wealth of authority which extends well beyond marine insurance...Complex areas of the law such as causation of loss and insurable interest in property are skilfully analysed in a readily comprehensible way...The author has succeeded in producing a book not only for the benefit of the less experienced reader for whom it is primarily intended, but also one which reader familiar with the filed can read with profit. Multum in parvo, in fact." - P. N. Leigh-Jones QC, The Law Quarterly Review