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Maritime Law
Part 1 of Paper
....ges, and other expenses. By means of insurance protection
will be provided to goods from any uncontrollable variables. A contract of
Marine Insurance is defined by section 7 of the Marine Insurance Act of 1909 as:
"A contract whereby the insurer undertakes to indemnify the assured, in manner
and to the extent thereby a.... Part 2 of Paper
.... of some person who effects the insurance on his
behalf.
2- The subject matter insured and the risk insured against.
3- The voyage, or period of time, or both, as the case may be, covered by the
insurance.
4- The sum or sums insured.
5- The names of the insurers."
The promissor in an insurance contract is called the insurer or underwriter, the
person to whom the promise is made is the insured, assured or the policyholder
and finally the contract is referred as the policy.
In order .... |
| Number of words: 840 - Approximate pages: 4 |
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