Perils of the Seas and Inherent Vice in Marine Insurance Law
Page 33
CHAPTER 3
The modern definitions of ‘perils of the sea’: After the Marine Insurance Act 1906
Introduction
Despite the fact that what constitutes ‘perils of the sea’ had been analysed in case law over a number of years, the complex issue remained unresolved. The standard policy form known as the Lloyd’s Ship and Goods (SG) policy1 was insufficient to interpret the expression, and the phrase was treated in a wider concept, such as, ‘all other perils and misfortunes’.