Basic principles of Marine Insurance indemnity, subrogation; insurable interest i.e. ownership; utmost good faith; the doctrine of proximate cause. Types of Marine Insurance covers are required by Shipowners and Ship managers A ship owner or a ship manager acting on behalf of a shipowner may require the following insurance covers against: actual or total loss of his ship's hull, machinery and equipment (H & M cover); accidental (particular average) damage to his ship's hull, machinery and equipment (H& M cover); liability to owners of other vessels (and … [Read more...]