The Principle of Indemnity in Marine Insurance Contracts - A Comparative Approach

von: Kyriaki Noussia

Springer-Verlag, 2007

ISBN: 9783540490746 , 298 Seiten

Format: PDF, OL

Kopierschutz: Wasserzeichen

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The Principle of Indemnity in Marine Insurance Contracts - A Comparative Approach


 

Preface

6

Contents

8

Abbreviations

15

1The history and legislative framework of marine insurance

18

1.1. Historical and policy reasons behind the various English statutes

18

1.2. The history and legislative framework of marine insurance in Greece

26

1.3. The history and legislative framework of marine insurance in Norway

28

1.4. The history and legislative framework of marine insurance in France

30

1.5. The history and legislative framework of marine insurance in the USA

32

1.6. The history and legislative framework of marine insurance in Canada

37

1.7. The history and legislative framework of marine insurance in Australia

38

1.8. General conclusive remarks and comparative discussion

39

2. Indemnity marine insurance contracts: basic features and cover provided

43

2.1. Basic features of the marine insurance contracts

43

2.2. The cover offered under marine insurance contracts in tlie various common law and continental law jurisdictions

81

2.3. General conclusive remarks and comparative discussion

96

3. Types of losses in marine insurance contracts

104

3.1. Types of losses in marine insurance contracts under the English law regime

104

3.2. Types of losses in marine insurance contracts under the Greek law regime

128

3.3. Types of losses In marine Insurance contracts under the Norwegian law regime

131

3.4. Type of losses in marine insurance contracts under the French law regime

134

3.5. Types of losses in marine insurance contracts under the US law regime

136

3.6. Types of losses in marine insurance contracts under the Canadian law regime

137

3.7. Types of losses in marine insurance contracts under the Australian law regime

138

3.8. General conclusive remarks and comparative discussion

139

4. Valuation and the measure of indemnity in marine insurance contracts

141

4.1. Valuation and the measure of indemnity

141

4.2. Total losses and the measure of indemnity

157

4.3. Partial losses and the measure of indemnity

171

4.4. Over-insurance and the re-opening of valuation

181

4.5. Floating policies and open-cover insurance

188

4.6. Critical discussion on valuation and the measure of indemnity

208

4.7. Salvage and the measure of indemnity

211

4.8. Consequential, future profit loss and the measure of indemnity

213

4.9. Mortgagee's interest insurance and the measure of indemnity

218

4.10. Double Insurance and the measure of indemnity

221

4.11. General conclusive remarks and comparative discussion

227

5. Subrogation rights arising from marine insurance contracts

229

5.1. The rights of the insurer on payment in marine insurance contracts in England

229

5.2. The rights of the insurer on payment in marine insurance contracts in Greece

244

5.3. The rights of the insurer on payment in marine insurance contracts in Norway

245

5.4- The rights of the insurer on payment in marine insurance contracts in France

248

5.5. The rights of the insurer on payment in marine insurance contracts in the USA

248

5.6. The rights of the insurer on payment in marine insurance contracts in Canada

251

5.7. The rights of the insurer on payment in marine insurance contracts in Australia

251

5.8. General conclusive remarks and comparative discussion

255

6. Discussion on the principle of indemnity in marine insurance contracts

259

6.1. General critique

259

6.2. Advantages and disadvantages of the proposition for a future law reform

266

6.3. Alternatives to legislative reform

273

6.4. Provisions related to indemnity in need of reform

275

6.5. General conclusions and future prospects

278

Table of Cases

288

A. Australia

288

B.England

289

C. Canada

296

D. France

296

E.Greece

297

F. Norway

298

G.USA

298

A. Australia

301

B.England

301

C. Canada

301

D. France

302

E. Greece

302

F. Norway

302

G. USA

303

Index

304

About the Author

307