Marine Insurance Legislation (Lloyd's Shipping Law Library)

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Product Description

The book sets out the text of English marine insurance legislation and the most important of the market clauses (the Institute Clauses) used in respect of marine policies written in the London Market.

The legislation is heavily annotated, with the operation of each section of the Marine Insurance Act 1906 explained and references given to the most important of the early cases upon which the sections are based.

There is also comprehensive annotation and explanation of cases decided under the sections of the 1906 Act, with cross-references to the Institute Clauses.

Why you should buy Marine Insurance Legislation, Fourth Edition:

• Provides a fully up-to-date marine insurance resource


• Comprehensively annotated


• Written by Professor Robert Merkin, a well respected and published expert in the fields of Insurance, Arbitration and Marine Insurance
  

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Marine Insurance Legislation (Lloyd's Shipping Law Library) Review

A FULLY UP TO DATE AND ANNOTATED MARINE INSURANCE RESOURCE

An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers

If you're professionally involved in marine insurance whether insurer, broker or legal adviser, you no doubt have a copy already of Marine Insurance Legislation, probably the 3rd edition published 2005 - which means you now need to purchase the latest Fourth Edition to stay up to date.

In fact, there have been three previous editions of this definitive work since 1997, all written by Robert Merkin, an acknowledged expert in insurance, arbitration and marine insurance.

Part of the Lloyd's Shipping Law Library, this latest edition incorporates within its 450+ pages, the many changes that have taken place in the marine insurance world since the previous edition was published, including a fully updated annotation of the Marine Insurance Act 1906. (Drafted by Sir Mackenzie Chalmers, the Act was a codification of some 200 years of judicial decisions and remains in force, albeit with significant modifications and changes).

Marine Insurance Legislation sets out the authorities on which this legislation was based and the way in which the legislation has been construed. There are cross references as well, to the most recent Institute Cargo Clauses, now in a new version -- the first revision for over 25 years -- which came into force on 1 January 2009. Attention is also drawn to the fact that important new decisions have been taken in the English courts on just about every aspect of marine insurance law, including `the usual suspects - utmost good faith and warranties.'

Other key developments cited include the role of brokers...the measurement of loss...and the rights and obligations of the assured and underwriters following a casualty.

This edition also extends the scope of previous editions to cover other common law jurisdictions, referring to leading cases from Australia, Canada, Hong Kong, New Zealand and Singapore. A new and certainly convenient feature in this edition is the 86-page Equivalence Table included in the appendices which provides an at-a-glance comparison of UK legislation with its equivalents in these jurisdictions.

This in short, is the definitive work of reference to marine insurance legislation post 2010 -including its formidable 39-page Table of Cases -- and therefore an indispensable addition to the well-stocked law library.

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