Arnould Law of Marine Insurance and Average explains the form, contents and construction of marine insurance policies, and the procedures and evidence required in bringing a case.
- Details the different classes of insurers and the jurisdictions under which they operate.
- Covers the rights, duties and liabilities of the assuredâ€™s agents.
- Sets out the scope and limits of â€˜insurable interestsâ€™ and their valuation.
- Analyses time and voyage policies, and the consequences of change of voyage, deviation and delay.
- Covers pre-contractual factors such as the principles of the duty of utmost good faith, non-disclosure and misrepresentation.
- Conversely explains post-contractual duties of good faith, as well as fraudulent claims
- Explains express and implied warranties.
- Deals with various types of losses coverable by the policy, covering marine risks, war risks, sue and labour expenses.
- Compares general average and particular average.
- Covers actual total loss, constructive total loss, abandonment and subrogation.
- Analyses principles of reinsurance in the context of marine insurance.
- Includes the Marine Insurance Act 1906, Marine Insurance Policy Forms and Clauses, the York-Antwerp Rules 2004, the Rules of Practice of the Association of Average Adjusters, and the relevant sections of the Insurance Act 2015 as appendices.