Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Express warranties Definition Of Warranties Two different types of warranties should be distinguished: Promissory warranties, the breach of which will discharge the insurer…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Attachment, Duration And Termination Of The Insured Risk Policy Period, Time Policy And Voyage Policy The same considerations within section 25 MIA. These…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Premium Introduction The premium is the monetary consideration paid by the assured in return for the insurer’s promise of indemnity in respect of…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Assured’s Agent : Rights, Duites And Liabilities Authority Of Insurance Agents Insurance agents are usually employed to effect an insurance and also…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Remedies Avoidance Meaning Of Avoidance Avoidance is a remedy available to the innocent party. However, it is a remedy which does not apply…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Insurer’s Duty Introduction Section 17 MIA is quite clear in saying that the duty of good faith rests on both the assured…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Assured’s Post-Contractual Duty Of Good Faith Introduction The Court of Appeal in The Mercandian Continent confirmed that the duty of good faith…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. The Pre-Contractual Duty Of Utmost Good Faith Introduction Section 17 MIA provides as follows:- A contract of marine insurance is a contract based…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Persons Who May Claim On A Policy Section 26 MIA Section 26 MIA provides as follows:- The subject-matter insured must be designated in…

Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series the basis and elements of Marine Insurance claims will be explored. Valuation of Insurable Interest Basis of Valuation Valuation is important to know the quantum of indemnity that the assured is rightfully entitled to…