Features of Marine Insurance Contract | Marine Insurance | Dr. Sahil Roy

FEATURES OF MARINE INSURANCE CONTRACT
Feature of general insurance contract
Insurable interest
Utmost good faith
Indemnity
Subrogation
Warranties (section 35 of Marine insurance act)
Express - written on the face of the policy + imposed some obligation.
Implied - not expressly written but implied by nature (three important warranties are as follows)
Sea worthiness of the ship
Legality of the venture
others
1. Sea worthiness of ship - it is an important warranty that the vessel or ship should be in sea worthiness condition at the commencement of the voyage. A ship is in a condition of sea worthiness if it is:
i. suitable constructed
ii. Adequately equipped
iii. Well repaired
iv. Properly managed
v. sufficiently fuelled
vi. Capable of withstanding the ordinary strain of and stresses of the voyage
2. Legality of venture - (Section 42 of marine insurance act)voyage and adventure must be lawful and not illegal.
3. Other warranties -
1. no change in voyage
2. no delay in voyage
3. non deviation
4. no implied warranty of nationality
5. warranty of goods safety
7. Proximate cause
8. Assignment
9. Premium and return of premium in marine insurance
10. Non-deviation of voyage
deviation is allowed in certain conditions such as:
when it is beyond the control of master or the crew.
if allowed under warranty
done for the safety of ship, cargo or human life
Barratry - unlawful or fraudulent acts by the crew of the vessel.

[@manishrawat3534]

Thanks for beautiful explanation ❤

[@sanmathirao941]

I really liked the way you explained in a crisp, lucid way.

[@drsahilroy]

Thank you for appreciating.. god bless you 😇

[@nikitapatil2725]

I am third officer in merchant navy ws facing difficulty in understanding marine law for my further exams chief mates...Thank u sir 🙏 for the explanation really helped me understand ☺

[@ZaminAli.08]

Excellent

[@optiwari9603]

Very good explaining

[@abhishektripathi8453]

Thanks sir
Video helps me a lot

[@saizamakeupworld1240]

Thank you so much sir

[@chiragverma8157]

Thanks brother♥♥

[@drsahilroy]

Welcome 😊

[@asimmahmudpulok8028]

thank you, it helps

[@drsahilroy]

Welcome
God bless you

[@ripunjaymisra5817]

Lucid presentation....

[@drsahilroy]

+Ripunjay Misra thank you 😊😊

[@godsonorganicfarm5373]

Please give more clarification on Assignment of Interest & Policy

[@shubhamsahu03]

U have to make a video on marketing management & human resource management

[@drsahilroy]

Sure

[@GeetaRani-zl1jl]

Thnk u sir

[@drsahilroy]

Welcome 😊

[@akanksharai516]

Thank you sir.

[@drsahilroy]

Welcome 😊
Plz share with your frds 😊

[@akanksharai516]

@@drsahilroy OK sir. 😊

[@drsahilroy]

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You can clear your doubts.

[@AnjaliKhidkiwal]

excellent .sir

[@anandaaru84]

Broker is not needed , Client can directly approach insurer and take policy

[@drsahilroy]

Sorry sir
Broker is needed
Insurer is a company or a corporation
You need someone to approach to buy a policy
In policybazar.com
Policybazar itself is a broker.

[@nehakokate2754]

@@drsahilroy You can directly approach to insurer Without agent and broker.
you can go to the insurance company and take policy

[@drsahilroy]

Thank you mam
I will keep this in mind and provide this valuable information to my audience..
Thank you
Have a good day ahead 😊

[@JasvirSingh-pn9br]

Hi sir ekk question hai doctrine of informal warranties isske bare mei btaie

[@tariqhussain5111]

Nice Sir

[@drsahilroy]

Welcome 😊

[@MohdAli-bk8ok]

Sir procedure for settlement for claims in marine insurance ka lecture share krna plzzz sir

[@drsahilroy]

My dear friend ... aapko sab kuch mil jaayega playlist mai check kar lijiye...

[@MohdAli-bk8ok]

Sir cause of growth of bank assurance ka lecture share krna

[@drsahilroy]

Iss topic pe nahi hai dear...

[@niravpanjari4686]

Sir, In legality of venture, the section which applies from marine insurance act is 43 instead of 42 if i am not mistaken. Please check out the same.

[@drsahilroy]

Its 42 dear ... I have checked...

[@ramsanap6571]

you are correct bro,section 43 is correct.

[@vijayawasthi3887]

👍😊💯

[@vikasmishra4539]

Notes kaise mile ge sir ?

[@himanshukesarwani4377]

Sir jobhi apko 2 nd yr ke lia uploads krna h pls kr dejia exams k phle ar jo alag se topic hoga khud hi btaenge ❤️

[@drsahilroy]

+Himanshu Kesarwani exam kab se hai??

[@himanshukesarwani4377]

2nd yr ka kb se ayegi video?

[@drsahilroy]

+Himanshu Kesarwani topic??

[@himanshukesarwani4377]

Content to ap ke pass h

[@drsahilroy]

Himanshu Kesarwani kaunse contents?? Subjects and topic plz mention ....

[@rodzziiee4106]

Language

[@drsahilroy]

Hindi

[@himanshukesarwani4377]

15 se

[@drsahilroy]

+Himanshu Kesarwani ok

[@aqa5794]

Somalian pirates 😇