Marine Insurance Volume 2: Cargo Practice, 5th Edition

Published Date

January 1996

Marine Insurance Volume 2: Cargo Practice, 5th Edition

$98.97
(Excludes any applicable taxes)

This edition of the classic work on cargo insurance takes account of the modern trend towards EDI, the establishment of LIMNET, and the changing pattern in the London market reflected in the introduction of new procedures to meet modern needs.

Be the first to review this product

The latest edition of the classic work on cargo insurance.

Chapter 1 Cargo Insurable Interests

Introduction – Definition of insurable interest – Attachment

of interest – Partial interest – Lost or not lost – Proprietary

interest – Freight – Premium – Profit – Defeasible and

contingent interests – Respondentia – Consignee’s interest –

Liability interest – Underwriter’s insurable interest –

Marine insurance contracts that are invalid in relation

to insurable interest.

Chapter II London Marine Insurance Markets and Associations

Introduction to Lloyd’s Marine Insurance Market – Lloyd’s

Underwriting Members – Lloyd’s Corporate Membership –

Lloyd’s Underwriting agents and Syndication – Lloyd’s Council, Committee and Regulatory Boards - The Corporation of Lloyd’s – Security in a Lloyd’s Policy – Lloyd’s Underwriters’ Association – Lloyd’s Agents and the Intelligence Service – Lloyd’s Single

Market –The London Marine Insurance Company Market –

The Institute of London Underwriters – Insurance Brokers

and Broker’s Associations.

Chapter III Facultative insurance – Placing the risk

Introduction – Facultative insurance – Brokers’ code of practice-

The order – The slip – Means of conveyance – The voyage –

The Sum insured – The value – The conditions – The rate -

Deductions – Guide slips – The leader – Leading underwriters’

agreement – Overplacing – Spreading the risk – The covernote

– Reducing the line – Electronic placing.

Chapter IV Faultative insurance – Signing and accounting

Introduction – Signing slips – Premium advice note – Policy

preparation – Introduction to separation procedure – Separation

procedure stage one – Seperation procedure stage two – Signing

and accounting procedure – Urgent policy signing – Non-Institute Companies’ combined policies – Policy endorsement – Taking down an AP or RP – Computers and word processers.

Chapter V Open Cover Insurance

Introduction to open cover insurance – The floating policy and

open cover – Brokers’ declarations – Valuations of declarations –

Limit any one vessel – Locations limits – Cancellation clauses –

Schedule of voyages and rates – Premiums – Classification clause – Overage AP’s – Declarations – Certificates – Renewal of a floating

policy – Statistics – Rotation clause – The parity clause – Policies

issued off open covers – Block policies – Open slips – Leading underwriter agreements – Profit commission.

Chapter VI Policies & Premiums

Development of the marine policy – The MAR policy (1982) –

Combined policies – The Schedule in a MAR policy – Rules of interpretation – English jurisdiction – The SG policy form – The

J and J(A) policy forms – Assignments of policies - Slip policies – Premiums – Returns premiums – Small AP/RP waiver scheme –

Central accounting – Brokerage and discounts – Joint cargo

committee.

Chapter VII Institute Cargo Clauses (Part One) Risks Covered and Excluded

Introduction – General procisions clause (Cargo) – English law &

practice clause – Risks covered the ICC (1982) – Comparison with

risks covered be the ICC (1963) WA and FPA – Notes on risks

covered be the B and C clauses – Statutory exclusions in the

ICC (1982).

Chapter VIII Institute Cargo Clauses (Part Two) – Duration to Cover

The SG policy – Warehouse to warehouse cover – the transit

clause – Termination of contract of carriage – Change of voyage/destination – Errors and omissions – General information

on the ICC (1963)

Chapter IX Institute Cargo Clauses (Part Three) – General

Introduction – Constructive total loss – General average –

Seaworthiness of overseas vessel – Seaworthiness of craft –

Fitness of overseas vessel to carry the goods – Fitness of craft etc.

to carry the goods – Seaworthiness/fitness warranties and the ICC

(1982) – Unseaworthiness and unfitness exclusion clause (1982) – Misconduct of shipowner and negligence – Carriers’ liability and

benefit of insurance – Collision liability – Insurable interest –

Minimising loss (sue & labour) – Forwarding charges – Other

clauses in the ICC (1982) – Air cargo clauses.

Chapter X War Risks Insurance and Strikes etc. Risks

War perils – The FC & S clause – War & Civil war exclusion

clause – War exclusion clause ICC (1982) – Piracy- Effect of

outbreak of war – War risk rating – Institute was clauses for use

with the SG form of policy – Institute war clauses for use with Mat

form policy – War risks clauses (1982) exclusions – War risks

clauses (1982) duration of cover – War risks clauses (1982) general –

Additional expenses war risks – Postal sendings – Air sendings –

Trade war clauses – Institute was clauses (commodity trades) – War

risks on land – War risk cancellation – Strikes etc. exclusion clauses – Rating for stikes, etc. risks – institute strikes clauses (1963) – Institute strikes clauses (cargo) 1982 – Comparison between strikes risks

covered (1963 and 1982) – Risks excluded – Strikes clauses (1963 & 1982) – Duration of cover strikes risks – Strikes clauses general – Strikes clauses – commodity trades – Strikes expenses cover – War and strikes risks

on cargo stored afloat.

Chapter XI The Carrier and Other Bailees

The carrying vessel – Flag, Ownership and Management –

Insolvency or financial default – Conference ships – Carriage of

goods – Warehouse risk – Bonded warehouses – Rights against

carrier – Unfair contracts – Bailee other that the carrier – Rail

transit – Barge and/or canal transit – Road transit.

ChapterXII Cargo Handling and Sale Contracts

Packing – Packaging consultants – Theft and pilferage –

Cargo handling – Loading and discharge – bulk cargoes –

Sales contracts.

Chapter XIII Contracts of Carriage and Increased Value

Contract of carriage - Charterparties – Shipping documents –

Mates receipt – Seaworthiness and fitness of ship – Seaworthiness

and fitness of craft – Care before loading and after discharge –

Care during carriage – Exemption from liability – Insufficiency of

packing – Insufficiency or inadequacy of marks – Quantity and/or

wejght – Dangerous Goods – Duties of consignee at destination – Insurable interest, increased value insurance and PPI policies.

Chapter XIV Unit Carriage and Insured Bill of Lading

Introduction – Pallets – Lift vans – Containers – Third party

recoveries, etc. – Insured bills of lading.

Chapter XV Trade Clauses (Part One)

Introduction – Introductions to Institute trades clauses – Commodity

trades clauses – Clauses available to supplement Commodity trades clauses - Coal trade - Coal war risks – Coal strikes risks – Jute

trade – Jute war risks – Jute strikes risks - Flour trade – FOSFA

clauses – Rubber trade – Rubber war risks- Rubber strikes risks Sugar trade – Timber Trade – Timber Trade Federation clauses – Timber

Trade War & Strikes Risks – Oil trade – Bulk oil clauses – Bulk oil

war & strikes risks – Corn trade.

Chapter XVI Trades clauses (Part Two)

Frozen products – Frozen food clauses – Frozen food extension

clauses – Frozen food war risks – Frozen food strikes, etc. risks –

Frozen meat “A” conditions – Frozen meat extension clauses –

Frozen meat “C” conditions – Frozen meat war risks – Frozen meat strikes, etc. risks.

Chapter XVII Incidental Institute Clauses & a Selection of Other

Cargo Clauses

Introduction – Incidental Institute clauses – Non Institute cargo

clauses – A selection of incidental cargo clauses.

Chapter XVII Cargo Claims (Part One) – Claims Procedure

Introduction – An efficient image – Considerations of a claim –

Ex gratia payments – WP settlements – Procedure for claims

notification and collection – Duties of consignee on discovery

of loss – Office procedure of the claims broker – Acknowledge

the claim – Letter files – The secondary register – Tracing the

policy – Settling without a policy – Claim adjustment – The report

book – Insurance policy and/or certificate – Refunds and recoveries – Brokers as claims settling agents – Payment of claims – Lloyd’s underwriters’ claims and recoveries office – Lloyd’s underwriters’

claims office – Lloyd’s recoveries department – The Institute of

London underwriters - Claims payable abroad.

Chapter XIX Cargo Claims (Part Two) – Recoveries from Carriers and other

Bailees

Introduction – Subrogation – Carriers; legal liability – Carriage of

goods by Sea Act, 1971 – Carriers’ limitation of liability – Carriage

of Goods by Sea Act, 1992 – The Hamburg Rules – Air carriers’

liability – Road and rail carriers’ liability – The underwriter’s position

in relation to carriers’ liability – Collision liability – General average recoveries.

Chapter XX Cargo Claims (Part Three) – Settling Agents – Surveys –

Claims Documentation

Settling agents – Application of survey – The survey – The fees and expenses – Company agents – The survey report – The salvage association – The average adjuster – Cargo surveyors, loss adjusters and recovery agents – Claims documentation – Valued policies – Rejection risk policies

Chapter XXI Cargo Claims (Part Four) – Policy Perils – Types of Loss –

Charges Attaching to Policy

Proximate cause – Policy perils – Institute commodity trades clauses (Modified exclusions) – Actual total loss – Constructive total loss – Salvage loss – Particular average – Particular charges – Extra charges – Sue & labour charges – Salvage charges – Natural (ordinary) loss –

Loan agreement.

Chapter XXII Cargo Claims (Part Five) – General Average Claims –

Recoveries and Expenses

Introduction – General average sacrifice – General average

expenditure – General average contribution – General average

guarantee – Effect of underinsurance on general average contribution – General average deposits – York/Antwerp Rules – Port of refuge expenses.

Chapter XXIII Cargo Claims (Part Six) – Practical Adjustments

Introduction – Total loss – Shortage claims – Tare – Particular

average loss – Deductible or excess – Franchise – Market fluctuations – Particular average adjustments.

Appendices:

A Marine Insurance Act, 1906

B Carriage of Goods by Sea Act, 1971

C Hamburg Rules, 1978

D Carriage of Goods by Sea Act, 1992

E York / Antwerp Rules, 1994

F Lloyd’s standard form of Salvage Agreement, 1995

Index

Title: Marine Insurance Volume 2: Cargo Practice, 5th Edition
Number of Pages: 628
Product Code: 4405Q030
ISBN: ISBN 13: 978-1-85609-132-9 (9781856091329), ISBN 10: 1-85609-132-5 (1856091325)
Published Date: January 1996
Binding Format: Hardback
Book Height: 220 mm
Book Width: 140 mm
Book Spine: 40 mm
Weight: 1.00 kg

Write Your Own Review

Only registered users can write reviews. Please, log in or register