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