Marine Insurance


The marine insurance itself was first invented in Italy some five centuries ago and since then has always provided merchant shipping with the protection, facilitating the maritime commerce and trade. The content of the present book is mainly focused on the laws and customs as well as on the organizational structures, revealing the origins of the marine insurance and tracking the spread of the associated underwriting institutions and practices.

The work has been prepared on the basis of the valuable contributions made by the eleven world recognized researchers from seven different countries, sharing their knowledge and experience with the readers. The insurance is expected to provide a sort of contingent capital transformed into the money to allow shipping companies perform the trading with less conventional capital that would be required in their perilous commercial environment.



Opening with the introductory section which covers the study and nature of the marine insurance, the publication addresses different historical periods in different countries of the world, starting from the early development and up to the nineteenth century. This is a good book for anyone dealing with the insurance matters.



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The main purpose of the present book is to provide readers with a sort of initial intro to the marine claims as well as to the role played in the marine hull claims by the average adjusters. The readers are expected to have some very basic knowledge of the associated terminology.

Written by the three prominent experts in the field of marine insurance, the booklet will be of great practical use for anyone involved in the world of maritime transportation; in addition, it may be used by those preparing for the exams in the Association of Average Adjusters noting the amount of useful information it contains. The book opens with the general introduction followed by the section where the main ship types and trades are explained.

The following two chapters are devoted to the commercial operations, risks and insurance. Once this is covered, the readers can proceed to the global markets and basic principles of marine insurance including hull claims, partial and total loss, sue and labor. The closing chapters of the publication are dealing with the salvage, so-called general average, and collisions. The last one gives some useful information on practical handling of the marine hull claims.

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The material presented in this book was prepared by the specialists of two world recognized and authoritative entities. The authors of the volume provided readers with the clear and understandable explanations of the different types of marine ship hull insurance claims that would normally arise under the standard conditions of maritime insurance.

They have also addressed the steps that shall be taken by the owner of the vessel to anticipate and respond to the casualties. In addition to that, one real life case study has been included in the content of this nice and informative booklet to demonstrate the actions and responsibilities of all parties involved in any serious casualty at sea. The authors tried to give a sort of general guidance while avoiding any complex and academic issues.

The book covers such important topics as the maritime claims in general including covered claims, proximate clause, burden of proof, recoveries and other risks, general average together with all aspects, practical aspects of particular average including drydock and removal expenses, overtime cost, riding repairs and many other topics. The procedures and info required to support the claims are dealt with in the fourth chapter, while the fifth part addresses the average adjuster. As you can see, literally everything is covered and explained in detail.

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This volume was released to be used as a single reference book for all interested parties, covering all relevant aspects of the marine insurance law. The topics addressed within this publication have been arranged in line with the Institute Cargo Clauses and have been explained in detail. the publication has already deserved excellent reputation worldwide due to the clarity and accuracy of its content.

According to the students and practicing lawyers, this is one of the most authoritative titles on the subject of those available today, and that is the reason why this book shall be in the professional library of any practitioner involved in maritime cargo insurance. The main declared purpose of this title is reflecting the aim which was expressed in the Time Charters volume providing practitioners with all legal information relating to the matters they normally encounter.

The list of topics includes but is not limited the history of marine cargo insurance and commonly used definitions, insurable interest, certificates of insurance, jurisdiction clauses, risks and exclusions, duration of the insurance losses and claims, and many others. Some important supplementary information is provided in the appendices.

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This power point presentation was developed for the training purposes and will tell trainees about the most important aspects of marine cargo/transit insurance. As we know, this is one of the oldest forms of insurance forming an integral part of world trade and commerce. It is mainly concerned with the inland transits, imports and exports. There are several transit modes available.

The increase in the maritime trade is commonly accompanied with the significantly increased need for the insurance - in addition to that, more vessels are required for transporting the goods. The parties involves would typically include sellers/exporters, buyers/importers and intermediaries. This training presentation will give you a good understanding of what the insurance is and how it shall be dealt with.

Starting with the general introductory slides, the content then addresses the international marine insurance market, documentation required for import and export, insurable interest and measure of insurable value, indemnity, valued and unvalued policy, marine declaration form, and other important areas. Virtually all topics have been covered by the authors of this training resource including different policies, underwriting and rating of marine insurance, duration of cover and many others.

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The official information publication released by the ICNZ, standing for the Insurance Council of New Zealand. This is a very compact yet quite informative and useful booklet intended to give readers a brief introduction to the marine cargo open policy. The content of the paper is arranged in twelve separate chapters. The first chapter gives a general introduction while the two following chapters detail the important definitions and working principles of terms of sale.

The advantages of the above mentioned policy is addressed in the fifth chapter. The remaining chapters of the document are dealing with the insurance period and coverage, policy extensions and declaring methods plus lower premiums. Two closing chapters will give you the information about the charging premiums under the policies and they also explain the advantages of insuring in NZ.

The specimen proposal form is provided for easy reference in the appendix to the main body of the booklet. In short, the publication will be useful to the people who need to have an idea of the subject with no need to get into the detailed analysis, and as such may be recommended to a broad readership - the explanations are plain and easy to read.

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The incidents occurring at sea are normally very complex; moreover, they are complicated and consuming much time. Such maritime incidents happen without any prior warning and therefore people on board shall be able to make decisions quick enough as their actions have a direct impact on the subsequent handling of any incident. This, in turn, will affect the merits of the associated liabilities and claims.

The officers and crew members of the vessels are people who are affected in the first turn, together with the shore-based personnel considered responsible for the emergency response. Though the members of the team may possess different practical experience, they all need to step in and get the situation under control. The content of this guidebook issued by the GARD is divided in four major sections. The first section provides information about the categories of claims including bunker and cargo claims, collision and people claims, general average and pollution claims, dangerous goods and FFO claims and others - literally all of them.

Three other sections of the book cover safe ports claims such as salvage, towage, and wreck removal claims and also addresses the limitation of liability, frustration and other aspects. Two remaining sections deal with the principles and structure of the insurance, and claims management. In short, this is an excellent training and reference tool.

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The content of the present report is focusing on the established good practices and also covers the innovative interventions that are intended to improve the labor conditions on board ships and to protect the people employed in this sector of marine industry. It is following the report by the ILO that was released back in 2013 and addressed the trafficking and forced labor in fisheries.

Subject report provided information about the knowledge about human trafficking and forced labor today together with the existing legal and institutional frameworks involved. The fishing sector of marine industry is known for the work deficits. Though majority of the companies operating fishing vessels work compliant with the legal frameworks and commonly avoid serious work deficits, there still have been some cases that tarnished the overall reputation of this sector.

This shall be given particular attention taking into account the economic importance of the fishing industry both from the employment and food security perspective. Even though the main focus is made on Asian region, actually the cases of forced labor and human trafficking take place worldwide. According to ILO, more than twenty million people are engaged in forced labor...

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