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Table of Contents
The Marine Insurance Act, 1963
Print
Chapter I — Full Text
Section 59
Provision
Provision.
Related Sections
§58
Provision
TMIA
§60
Constructive total loss defined .-(1) Subject to any express provision in the policy, there is a constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it could not be preserved from actual total loss without an expenditure which would exceed its value when the expenditure had been incurred
TMIA
§1
Short title and commencement .-(1) This Act may be called The Marine Insurance Act, 1963
TMIA
§2
Definitions .-In this Act, unless the context otherwise requires,
TMIA
§3
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
TMIA
§4
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
TMIA
Printed from Law on Tips • The Marine Insurance Act, 1963
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Section 58
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Section 60