Marine Insurance Act, 1963 Marine Insurance Act, 1963 Marine Insurance Act, 1963
 
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Marine Insurance Act, 1963

 

Sections

Marine Insurance Act, 1963

 

Preamble

   
1.

Short title and commencement

2.

Definitions

   
  MARINE INSURANCE
3.

Marine insurance defined

4.

Mixed sea and land risks

5.

Lawful marine adventure

6.

Avoidance of wagering contracts

7.

Insurable interest defined

8.

When interest must attach

9.

Defeasible or contingent interest

10.

Partial interest

11.

Reinsurance

12.

Bottomry

13.

Master's and seamen's wages

14.

Advance freight

15.

Charges of insurance

16.

Quantum of interest

17.

Assignment of interest

   
  INSURABLE VALUE
18.

Measure of insurable value

   
  DISCLOSURE AND REPRESENTATIONS
19.

Insurance is uberrimae fidei

20.

Disclosure by assured

21.

Disclosure by agent effecting insurance

22.

Representations pending negotiation of contract

   
  THE POLICY
23.

When contract is deemed to be concluded

24.

Contract must be embodied in policy

25.

What policy must specify

26.

Signature of insurer

27.

Voyage and time policies

28.

Designation and subject matter

29.

Valued policy

30.

Unvalued policy

31.

Floating policy by ship or ships

32.

Construction of terms in policy

33.

Premium to be arranged

   
  DOUBLE INSURANCE
34.

Double insurance

   
  WARRANTIES, ETC
35.

Nature of warranty

36.

When breach of warranty excused

37.

Express warranties

38.

Warranty of neutrality

39.

No. implied warranty of nationality

40.

Warranty of good safety

41.

Warranty of seaworthiness of ship

42.

No implied warranty that goods are seaworthy

43.

Warranty of legality

   
  THE VOYAGE
44.

Implied condition as to commencement of risk

45.

Alteration of port of departure

46.

Sailing for different destination

47.

Change of voyage

48.

Deviation

49.

Several ports of discharge

50.

Delay in voyage

51.

Excuse for deviation or delay

   
  ASSIGNMENT OF POLICY
52.

When and how policy is assignable

53.

Assured who has no interest can not assign

   
  THE PREMIUM
54.

When premium payable

   
  LOSS AND ABANDONMENT
55.

Included and excluded losses

56.

Partial and total loss

57.

Actual total loss

58.

Missing ship

59.

Effect of transhipment, etc.

60.

Constructive total loss defined

61.

Effect of constructive total loss

62.

Notice of abandonment

63.

Effect of abandonment

   
  PARTIAL LOSSES (INCLUDING SALVAGE AND GENERAL AVERAGE AND PARTICULAR CHARGES)
64.

Particular average loss

65.

Salvage charges

66.

General average loss

   
  CHAPTER IX: CERTIFICATION TRADE MARKS
67.

Extent of liability of insurer for loss

68.

Total loss

69.

Partial loss of ship

70.

Partial loss of freight

71.

Partial loss of goods, merchandise, etc.

72.

Apportionment of valuation

73.

General average contributions and salvage charges

74.

Liabilities to third parties

75.

General provisions as to measure of indemnity

76.

Particular average warranties

77.

Successive losses

78.

Suing and labouring clause

   
  RIGHTS OF INSURER ON PAYMENTS
79.

Rights of subrogation

80.

Right of Contribution

81.

Effect of under-insurance

   
  RETURN OF PREMIUM
82.

Enforcement of return

83.

Return by agreement

84.

Return for failure of consideration

   
  SUPPLEMENTAL
85.

Ratification by assured

86.

Implied obligation varied by agreement or usage

87.

Reasonable time, etc., a question of fact

88.

Covering note as evidence

89.

Power to apply Act with modifications, etc., in certain cases

90.

Certain provisions to override Transfer of Property Act, 1882

91.

Savings

92.

Omitted

   
 

SCHEDULE : FORM OF POLICY

 

Marine Insurance Act, 1963

 

 

 

 

 

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