Ocean Marine Cargo Insurance: Introduction - Marine Insurance Defined
[Part I in a series of III] 

  • Presented: June 17, 2014
  • Duration: (60-minutes)


This webinar is based off information contained in the book International Cargo Insurance (Series: Lloyd’s Shipping Law Library; Published by Informa Law from Routledge (August 28, 2009) contributed to by Stephen V. Rible. The presentation covers FORMATION OF A CONTRACT OF MARINE CARGO INSURANCE: Utmost good faith: non-disclosure and misrepresentation; Utmost good faith: timing of the duty ; Materiality and Reliance; The remedy of avoidance; Examples of non-disclosure; Knowledge of the broker; Misrepresentation and Nondisclosure in practice; Formalities, insurable interest and illegality; Formalities; Insurable interest; Illegality and public policy; OPEN COVERS, POLICIES AND CERTIFICATES: Open covers; Modern open covers; Policies; Various Forms of Open Cargo Policies; Certificates of insurance; Certificates described; The certificate holder as assured; What terms bind the certificate holder?; WARRANTIES, EXCLUSIONS AND OTHER TERMS Warranties; Warranties defined; Exact compliance: Effect of breach; Waiver of warranties; Exclusions; The nature of exclusions; Exclusions and causation; Causation under the American Institute Clauses and the SR&CC Endorsement; Conditions


Stephen V. Rible
Partner, Mendes & Mount LLP, New York, New York; Instructor, American Institute of Marine Insurance and St. John’s University, School of Risk Management, Insurance and Actuarial Science.



Underwriters, agents, brokers, and other insurance professionals with an interest in better understanding the described contract details should attend this webinar.


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