Insuring Cargoes - A Practical Guide to the Law and Practice

This book provides a comprehensive introduction to international trade and cargo insurance, before outlining the various requirements for insurable interests reflecting the fundamental indemnity principle of marine insurance and the legal prohibition against gaming and wagering. It also explains marine open cover and details insuring clauses alongside the inherent vice and delay exclusions from specific clauses. To give the reader an understanding of insurance contracts, contract certainty in policies is explained before discussing the cargo claims and the cargo recovery process.

The second edition has been expanded to address the many changes in marine insurance law since the release of the first edition. These developments include the ‘Cendor MOPU’, newer editions of Institute Cargo and Trade Clauses, developing case laws, the Insurance Act 2015 and Incoterms 2020, to mention a few. New chapters in the book also include delay and inherent vice exclusions, war and strikes, rejection risks, contract certainty in policies, non-Institute Clauses and recoveries. The insurable interest and contingency chapters have also been revised as the expected reforms in this regard have not been undertaken.

This book will be of great use to practitioners as a complement to more academic texts. It is commended to any reader interested in marine cargo insurance and is a useful tool for law firms, underwriters, adjusters and surveyors.