| 释义 |
marine insurance
A form of insurance in which the insurer undertakes to indemnify the insured against loss of the ship (hull insurance), the cargo, any sums paid in freight (freight insurance), or any liability to a third party occurring during a sea voyage. A marine insurance contract may be extended to losses on inland waters or to risks on land that may be incidental to a sea voyage. The risks listed in marine insurance policies include perils of the seas, fire, war perils, pirates, seizures, restraints, jettisons, and barratry, and the cover may be for a particular voyage, or for a specified time, or both (see time policy). In marine insurance a distinction is made between an actual total loss and a constructive total loss; partial loss is subject to average. The law relating to marine insurance is codified by the Marine Insurance Act 1906 as amended by the Consumer Insurance (Disclosure and Representations) Act 2012. Under this Act marine insurance contracts that are by way of being wagering or gaming contracts are void; these include contracts in which the insured has no insurable interest as defined in the Act. |