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. Duration of Risk : Time Policies And Voyage Policies Time and Voyage Policies Defined Section 25 MIA provides as follows:- Where the contract…
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. Floating Policies & Open Covers Floating Policies Section 29 MIA provides as follows:- A floating policy is a policy which describes the insurance…
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 Construction Of Marine Policies Principles Of Construction The words in a policy is to be construed in a commercial sense according to…
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. Form And Contents Of Marine Insurance Policies What Insurances Must Be Made By A Policy A contract must be embodied in a policy…
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. Insurable Interest Insurable Interest Generally English law recognised that contracts of insurance required the assured to have an interest in the subject matter…
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 Subject of Marine Insurance What Can Be Insured Generally, everything that will be exposed to risk of facing the perils of the…
Pursuant to the earlier topic of Introduction to Maritime Law in Malaysia, published on 22 February 2021, in the coming series, as restated by Chakra Thillainathan, the basis and elements of Marine Insurance claims will be explored in the following 31 parts. Codification Of The Law Of Marine Insurance Codification The Marine Insurance Act 1906…
What is the Amendment of the Law of Carriage of Goods by Sea? In accordance with subsection 1(2) of the law of Carriage of Goods by Sea (Amendment) Act 2020 [ hereafter known as Act A1613], the Minister of Transport has appointed 15 July 2021 as the date for Act A1613 to come into operation….
What is the nature of Admiralty Jurisdiction in Malaysia? Malaysian Admiralty Jurisdiction is derived from the class of actions available within Sections 20 to 24 of the UK Senior Courts Act 1981 via section 24(b) of the Court of Judicature Act 1964. Apart from this the admiralty jurisdiction of Malaysia is also entrenched in section…
What is a Letter of Credit and its function? A letter of credit is a form of a documentary credit used in international trade. A letter of Credit comes into the picture when the buyer instructs its bank to issue a letter of credit to the seller whereby the bank undertakes to make payment to…
