Insuring Cargoes - A Practical Guide to the Law and Practice 2023, 2nd Edition
S$490.50
March 2023
This is a comprehensive guide to underwriting and claims practices for insurance practitioners. It covers topics such as marine insurance and international trade, the basic principles of marine cargo insurance, cargo loss prevention, policy construction and insurable interest.
In stock
This book provides a comprehensive introduction to international trade and cargo insurance, before outlining the various requirements for insurable interests reflecting the fundamental indemnity principle of marine insurance and the legal prohibition against gaming and wagering. It also explains marine open cover and details insuring clauses alongside the inherent vice and delay exclusions from specific clauses. To give the reader an understanding of insurance contracts, contract certainty in policies is explained before discussing the cargo claims and the cargo recovery process.
The second edition has been expanded to address the many changes in marine insurance law since the release of the first edition. These developments include the ‘Cendor MOPU’, newer editions of Institute Cargo and Trade Clauses, developing case laws, the Insurance Act 2015 and Incoterms 2020, to mention a few. New chapters in the book also include delay and inherent vice exclusions, war and strikes, rejection risks, contract certainty in policies, non-Institute Clauses and recoveries. The insurable interest and contingency chapters have also been revised as the expected reforms in this regard have not been undertaken.
This book will be of great use to practitioners as a complement to more academic texts. It is commended to any reader interested in marine cargo insurance and is a useful tool for law firms, underwriters, adjusters and surveyors.
K.S. Vishwanath, MA(Econ) is an underwriter and adjuster of international repute. Starting his career in 1981, he was part of multinational insurance companies in India and abroad. He now works as a freelancer. He has been appointed in many large profile claims by insurers, brokers and corporate customers in view of his ability to resolve issues amicably and provide not only a legal perspective to claims but also base his opinions on international market practices. His work with clients as well as insurance companies has given him a unique insight into the subject. The second edition of the book, based on four decades of practical experience, offers expert guidance on both the law and practice of marine cargo insurance.