CHECK THESE SAMPLES OF The English Law of Marine Insurance
hellip; The marine insurance Act (MIA) dates back to 1906.... Duty of Disclosure The law of disclosure is famously referred to in the section 18 of MIA.... There have been so many changes in businesses and insurance that it is only common sense to expect an updated model of MIA.... Although the Consumer insurance (Disclosure & Misrepresentation) Act 2012 has addressed these issues in its proposal but concrete reforms in this regard are yet to come....
7 Pages
(1750 words)
Essay
In the Free Dictionary by Farlex, the Statue of Fraud is described as a type of state law that was modeled after an old english law.... This further goes on to add the Statue of Fraud has been adopted by the US from english law dating back to the year 1677.... The origins of the Statue of Fraud can be traced back to 1677 and to the english Statutory law passed during the said period.... This US law acts as a defense in a breach of contract lawsuit....
6 Pages
(1500 words)
Essay
Since the question of marine insurance generally arises among parties that are in the shipping business, there is an underlying assumption behind the duty of disclosure wherein the... marine insurance covers the risks involved in transit over the sea and the insurer agrees to indemnify the party insured in a manner prescribed within a contract against losses to ships and property that may occur out at sea due to fire, shipwreck or natural calamities, but… marine insurance is the oldest kind of insurance and is based upon the principles of common law that allow the parties a great deal of freedom in contracting among themselves....
16 Pages
(4000 words)
Essay
With time, the evolution of commerce led to the use of general average as a form of marine insurance.... General Average has many applications including in marine insurance.... The Rhodian law that was in existence at around this time embodied the principle of general advantage.... Currently, a record of the Rhodian law is inexistent.... Roman law is the only source that captures the Rhodian law....
7 Pages
(1750 words)
Assignment
The marine insurance Act 1906 offers a detailed classification of total losses but gives little information concerning the relationship with other definitions such as piracy.... The definition of Constructive Total Loss provided by the marine insurance of 1906 leaves gaps and raises many questions when applied in modern cases that did not exist during enactment of the law more than one hundred years ago.... This explanation means that it is not possible to retrieve deprivation according to the marine insurance Act of 1906 section fifty-seven subsection one....
7 Pages
(1750 words)
Essay
the english law may wish to carry measures against any vessel for the protection of its shoreline from potential accident or consequences of maritime casualties involving oil or hazardous chemicals and substances (Anderson & De la Rue, 2009).... The intervention by the english law is clearly enshrined in international law, an individual right of a salvor in measuring requirements in earning a reward, and which is not present in the international salvage laws....
8 Pages
(2000 words)
Essay
rdquo;5These common-law definitions of seaworthiness are mirrored in the Maritime insurance Act 1906 Section, Section 39 which provides for a vastly similar duty on the part of the carrier with respect to a vessel being able to withstand the ordinary perils of the sea.... Sir MacKenzie Chalmers, one of the original drafters of the Maritime insurance Act 1906 explains that: “the words 'in all respects', in S.... The law with respect to seaworthiness is necessary since the vendor is discharged of liability once the goods are dispatched at a port for shipment to the buyer....
11 Pages
(2750 words)
Essay
marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.... This factor is covered on marine insurance as well.... This study declares that insurance industry is a significant industry in the world.... Maritime insurance was the first form of insurance which gave way to multiple other forms of insurances in the commerce industry....
7 Pages
(1750 words)
Assignment