Published on March 28, 2014
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 !!!!!!!!!!!!!!!!!!!
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
Marine insurance; Marine salvage; Maritime lien; ... with will automatically discharge the insurer from further liability under the contract of insurance.
8 main Elements of Marine Insurance Contract The marine insurance has the following essential features which are also called fundamental principles of ...
Marine Insurance Act. S.C. 1993, c. 22. ... A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the insured, ...
English Marine Insurance Act 1906 ... A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the assured, ...
Contract Of Marine Insurance. They will also take into consideration the outlets that you use in order to sell your product.
Marine; Marine contract; Marine insurance; Marine interest; Marine league; Mariner; Maris et faeminae conjunctio est de jure naturae; Maris, Albert Branson ...
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
When you choose The Law of Insurance Contracts , you choose the ... Coverage of all non-marine insurance contracts from proposal to termination of cover;
South African insurance law is governed mainly by Roman ... in support of the proposition that a contract of marine insurance is a contract uberrima ...