Chapter 1: Introduction to Maritime Insurance

Provides foundational knowledge of marine insurance, its historical development, significance in global commerce, and its role in transferring maritime risks.

Chapter 2: Marine Insurance Act 1906

Explores the legal bedrock of marine insurance in the UK and common law countries, covering principles like insurable interest, utmost good faith, and warranties.

Chapter 3: Principles of Insurance: Meaning and Application in Marine Insurance

Examines key insurance doctrines – utmost good faith, insurable interest, indemnity, contribution, subrogation, proximate cause – and their marine-specific interpretations.

Chapter 4: Fundamentals of Marine Insurance

Breaks down types of marine policies (voyage, time, valued, open cover) and essential policy structures, including Institute Clauses and risk coverage periods.

Chapter 5: Maritime Risks and Hazard Analysis

Provides an in-depth analysis of marine perils such as piracy, storms, collision, fire, and cyber threats—plus tools for assessing and mitigating them.

Chapter 6: Maritime Documentation and Payment

Covers key documents (bill of lading, charter party, invoice, certificate of insurance) and international payment systems in maritime trade (L/C, documentary collection).

Chapter 7: Hull and Machinery Insurance

Explores the scope, underwriting, claims, and common exclusions of policies that protect shipowners’ physical assets.

Chapter 8: Protection & Indemnity (P&I) Insurance

Delves into third-party liability insurance provided by P&I clubs, including cargo claims, collision liabilities, environmental damage, and ¼ collision cover.

Chapter 9: Freight and Cargo Insurance

Explains how freight interest and cargo are insured, including Institute Cargo Clauses, documentation, risk types, and best practices.

Chapter 10: Claims Process in Maritime Insurance

Step-by-step guide to claim notification, assessment, surveyor reports, documentation, litigation, and dispute resolution processes.

Chapter 11: Legal and Regulatory Framework

Discusses key maritime conventions (e.g., SOLAS, MARPOL), national and regional frameworks, and the role of classification societies and compliance.

Chapter 12: Reinsurance in Maritime Insurance

Details how insurers manage capital and transfer risk via facultative, treaty, and excess-of-loss reinsurance; includes computations and structures.

Chapter 13: Emerging Issues in Maritime Insurance

Covers climate change impacts, digitalisation and cyber risks, autonomous ships, green shipping regulations, terrorism, and piracy.

Chapter 14: Case Studies and Practical Applications

Analyzes notable maritime claims including shipwrecks, cargo damage, and liability incidents—offering lessons and real-world takeaways.

Chapter 15: Future of Maritime Insurance

Explores policy innovation, InsurTech, sustainability trends, and the digital future of underwriting and claims in the marine insurance market.

📎 APPENDICES – Tools, Templates, and Additional Resources

Appendix I: Glossary of Key Terms in Maritime Insurance

Precise definitions of technical and legal terms used throughout the book.

Appendix II: Marine Insurance Policies and Clauses & Marine Insurance Act (1906) – Download

Templates of standard policies and clauses with a downloadable copy of the foundational UK law.

Appendix III: Guidelines for Risk Assessment in Maritime Insurance

Frameworks and worksheets to evaluate maritime risks and exposures.

Appendix IV: Key Regulatory Bodies and Industry Resources

A curated list of international regulators, associations, and legal sources in the marine insurance industry.