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Marine Insurance

Marine Insurance

An Essential Guide to Liability, Insurance, Law, the Market and Claims in the Maritime Industry

Sam Ignarski


Examines the way marine insurance markets function and covers liability, insurance, law, the market and claims.

Available to pre-order from 3rd June 2018
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About the book

One of the most necessary and fundamental forms of insurance within the insurance industry, marine insurance facilitates global trade and ensures economic property. About 50,000 blue water ships serve world trade, and there are, at any one time, some 1.3 million seafarers ashore or at sea. The specialist international marine and transport insurance industry takes in some $30 billion in premium each year, and some 15,000 individuals work in the international insurance markets. Marine Insurance is the indispensable guide to these and other intricacies of this important part of industry to help you protect your supply chain and preempt losses and damages.

Marine Insurance covers the loss or damage of ships, cargo, terminals and any transport or cargo by which property is transferred, acquired or held between the points of origin and final destination. Cover provided includes hull insurance, war risk insurance, loss of profit/freight insurance, detention insurance, strike insurance or uninsured legal expenses (defence) cover. This essential guide will equip you with the knowledge to better understand the way marine insurance markets function and the terms of the standard covers available. Essential for both suppliers and specialist buyers of marine insurance, Marine Insurance covers types of insurance premiums; P&I insurance; cargo insurance; hull insurance; strikes, riots and political risks; war risks; reinsurance; claims handling, uncertainties, market trends and future directions. Each chapter includes real-life case studies to illustrate different issues that arise with marine insurance. There are also sample terms of agreement, showing best practice.

Table Of Contents

    • Chapter - 01: Origins and Function of Insurance in International Trade;
    • Chapter - 02: The Modern Marine Insurance Market of Buyers, Brokers, Insurers and Reinsurers;
    • Chapter - 03: Types of Marine Insurance Covers;
    • Chapter - 04: P&I Insurance Case Studies;
    • Chapter - 05: Cargo Insurance Case Studies;
    • Chapter - 06: Hull Insurance Case Studies;
    • Chapter - 07: Strikes, Riots and Political Risks Case Studies;
    • Chapter - 08: War Risks Case Studies;
    • Chapter - 09: Reinsurance;
    • Chapter - 10: General Average and Salvage, Limitation of Claims, Claims Handling and Case Studies;
    • Chapter - 11: Present Uncertainties of Non-Disclosure, Market Trends, Consolidation and Distribution;
    • Chapter - 12: Future Directions, Electronic Bills of Lading and Electronic Distribution of Marine Insurance

Book Details

  • EAN: 9780749482633
  • Edition: 1
  • Published: 3rd September 2018
  • Paperback
  • Format: 234x156
  • 288 pages

About the Author

Sam Ignarski has held executive roles within the world's leading mutual insurance management company, the Thomas Miller Group, and more recently has run insurance start-up operations in association with CTC, BMM and Mitsui Sumitomo at Lloyd's. The author runs large international, internet-based publishing activities aimed at shipping, transport insurance and finance professionals. He has held a wide variety of consulting roles in the marine insurance and transport fields.

Sam Ignarski