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. Excepted Risks Excepted perils Generally, but not always, an excepted peril is a peril which would be included within an insured peril and…

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. War, Political And Strike Risks War Risks Clauses The SG form scheduled to the MIA covered marine and war risks. However, it became…

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. Marine Risks The ingredients of a valid insurance claim The essence of a marine insurance contract is that it is a contract 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. Implied Warranties Implied Warranties Section 33(2) MIA recognises that warranties may be implied. Warranties may be implied into the marine insurance contract either…

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. Conditions Precedent And Other Terms Of The Insurance Contract Conditions Precedent Conditions precedent are frequently used in insurance policies. A condition precedent is…

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…