Marine insurance contract

67 %
33 %
Information about Marine insurance contract
Finance

Published on March 28, 2014

Author: kirankurianphilip

Source: slideshare.net

Description

Marine insurance policy, its types

PRINCIPLES OF INSURANCE

The terms and conditions on which a contract of marine insurance is entered into between the assured and the insurer are incorporated in a document called the marine policy. It is a legal document and an evidence of contract between the insurer and insured . It must be duly stamped under the stamp act , 1899.

The different types of policies used in marine insurance 1. TIME POLICY 2. VOYAGE POLICY 3. MIXED POLICY/TIME & VOYAGE POLICY 4. VALUED POLICY 5. UNVALUED POLICY 6. FLOATING POLICY 7. OPEN COVER POLICY 8. FLEET POLICY 9. SPECIFIC COVER POLICY 10. BLANKET POLICY

11. NAMED POLICY 12. BLOCK POLICY 13. CURRENCY POLICY 14. PPI POLICY 15. CARGO POLICY 16. PORT RISK POLICY 17. COMPOSITE POLICY

The policy conditions are divided into three ; 1. HULL CLAUSES 2. CARGO CLAUSES 3. FREIGHT CLAUSE

There are about 17 different types of policies which is used in MARINE INSURANCE . The marine policy is a contract between the insured and insurer . Some of the clauses are also entered to meet the requirements of the various insured's . These policies are mainly made for meeting the risks caused in marine adventures.

 THANK YOU !!!!!!!!!!!!!!!!!!!

Add a comment

Related presentations

Les changements sur le marché du distressed aux Etats-Unis et en Europe

Main Sections of the Report 1) Nifty Technical View 2) 4 Large Cap Trade Ide...

This presentation consits the yearly results of Kinepolis Group

Related pages

Marine insurance - Wikipedia, the free encyclopedia

Marine insurance; Marine salvage; Maritime lien; ... with will automatically discharge the insurer from further liability under the contract of insurance.
Read more

8 main Elements of Marine Insurance Contract

8 main Elements of Marine Insurance Contract The marine insurance has the following essential features which are also called fundamental principles of ...
Read more

Marine Insurance Act - Justice Laws Website - Site Web de ...

Marine Insurance Act. S.C. 1993, c. 22. ... A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the insured, ...
Read more

English Marine Insurance Act 1906 - An Act to codify the ...

English Marine Insurance Act 1906 ... A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the assured, ...
Read more

Contract Of Marine Insurance -

Contract Of Marine Insurance. They will also take into consideration the outlets that you use in order to sell your product.
Read more

Marine insurance legal definition of Marine insurance

Marine; Marine contract; Marine insurance; Marine interest; Marine league; Mariner; Maris et faeminae conjunctio est de jure naturae; Maris, Albert Branson ...
Read more

Marine Insurance Act 1909 - ComLaw Home

Marine Insurance Act 1909. Act No. 11 of 1909 as amended. This compilation was prepared on 14 July 2008 taking into account amendments up to Act No. 73 of 2008
Read more

Law of Insurance Contracts - Informa Law Library

When you choose The Law of Insurance Contracts , you choose the ... Coverage of all non-marine insurance contracts from proposal to termination of cover;
Read more

South African insurance law - Wikipedia, the free encyclopedia

South African insurance law is governed mainly by Roman ... in support of the proposition that a contract of marine insurance is a contract uberrima ...
Read more