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CHAPTER 14 MARINE RISKS

Marine Insurance: Law and Practice

CHAPTER 14 MARINE RISKS MARINE RISKS 14.1 This chapter has a broad title. Indeed, it may be overly broad in that all, or at least nearly all, of the risks which can be insured under a contract of marine insurance may be considered to be marine risks. However, it does contain the core of risks to be found in most ordinary contracts of marine insurance insuring against physical loss, ie loss to property, and related losses. It is appropriate to deal in separate chapters with: liability and associated risks; 1 risks arising from discord (“war and strikes”); 2 and those concerned with aversion and minimisation of loss. 3 It is also convenient to place together in one chapter those risks that are normally accorded special treatment in hulls and freight clauses in the Inchmaree clause. 4

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