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Table of Contents

The Marine Insurance Act, 1963

Chapter I — Full Text

Section 12

When premium payable

When premium payable.

Related Sections

Reinsurance .-(1) The insurer under a contract of marine insurance has an insurable interest in his risk, and may reinsure in respect of it

When assured has insurable interest

Short title and commencement .-(1) This Act may be called The Marine Insurance Act, 1963

Definitions .-In this Act, unless the context otherwise requires,

At and from. - (a) Where a ship is insured "at and from" a particular place, and she is at that place in good safety when the contract is concluded, the risk attaches immediately

Mixed sea and land risks .-(1) A contract of marine insurance may, by its express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage

Judgments linked to Section 12

Printed from Law on Tips • The Marine Insurance Act, 1963

PreviousSection 11

Table of Contents

The Marine Insurance Act, 1963

Chapter I — Full Text

Section 12

When premium payable

When premium payable.

Related Sections

Reinsurance .-(1) The insurer under a contract of marine insurance has an insurable interest in his risk, and may reinsure in respect of it

When assured has insurable interest

Short title and commencement .-(1) This Act may be called The Marine Insurance Act, 1963

Definitions .-In this Act, unless the context otherwise requires,

At and from. - (a) Where a ship is insured "at and from" a particular place, and she is at that place in good safety when the contract is concluded, the risk attaches immediately

Mixed sea and land risks .-(1) A contract of marine insurance may, by its express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage

Judgments linked to Section 12

Printed from Law on Tips • The Marine Insurance Act, 1963

PreviousSection 11