Marine Insurance : Law and Practice book cover
2nd Edition

Marine Insurance
Law and Practice

ISBN 9781843119517
Published July 10, 2012 by Informa Law from Routledge
958 Pages

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Book Description

Marine Insurance: Law and Practice, Second Edition, continues to provide the most comprehensive and integrated account of the English law and practice of marine insurance.  It provides readers with a fresh and up-to-date review of the modern law in the light of traditional principles and rules of underlying commercial law, and the specific statutory rules of marine insurance as interpreted by case law, as moderated in practice by market practices and standard form marine insurance clauses.  Francis Rose clarifies the law’s underlying framework of principles and illustrates how it works in common contractual situations, explaining how the different components of the law interact.

The new edition has been updated to incorporate:

• the most recent case law: there have been some very important judgments handed down since the book first published, including: The Cendor MOP, The Silva, The Resolute and The Marina Iris
• the implications of the introduction of: Institute Cargo Clauses 2009, the effect of the Gambling Act 2005 and the Third Parties (Rights Against Insurers) Act 2010 Law Commission reform proposals

The book explores in detail the following areas:

•    the nature of insurance
•    insurable interest
•    the insurance contract
•    the premium
•    insured risks
•    marine risks
•    exclusions
•    losses
•    claims
•    subrogation
•    double insurance

Table of Contents

1. The nature of insurance  2. The subject-matter of insurance  3. Insurable interest  4. Intermediaries  5. Presentation of the risk and utmost good faith  6. The contract  7. Parties  8. The premium  9. Terms of the contract  10. Period of cover  11. Departure of cover  12. Varying cover  13. Insured risks  14. Marine risks  15. Inchmaree risks  16. Liabilities  17. Discord (“War and Strikes”) risks  18. Exclusions  19. Causation  20. Aversion and minimisation of loss  21. Losses  22. Partial losses  23. Total loss  24. Abandonment  25. Quantifying the indemnity  26. Claims  27. Subrogation and recoupment  28.  Double insurance and contribution  APPENDICES

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Francis Rose is a graduate of the University of Oxford, holds a PhD from the University of London, and is a barrister and associate of chambers at Quadrant Chambers. He joined University of Bristol Law School in January 2000, having previously been Professor of Commercial and Common Law at the University of Buckingham, and before that, a Fellow of St John's College, Cambridge. He was the Director of the Norton Rose Centre of Commercial Law within the Bristol Law Faculty from 2000-2005. He was the inaugural Sections Secretary of the Society of Public Teachers of Law and is Convener of the Society of Legal Scholars Restitution Section.


"The second edition has, in my view, achieved the difficult task of surpassing the first edition in terms of scholarship and analytical discussion. It is also notable for a wide coverage of relevant authorities. It will become indispensable to lawyers, academicians and other persons interested in marine insurance, not only in the United Kingdom  but throughout the commen law world."

"…this text (is) one that all in the field will find themselves constantly consulting in the years to come."

Judith Prakash,
Judge of the Supreme Court of Singapore

Alison Green, the Chairman of the Trustees of the BILA Charitable Trust said, as she awarded the BILA Book Prize to Francis:

“This textbook is a welcome addition to the texts on marine insurance law as it combines in one volume all the areas which a practitioner or student of marine insurance law needs to know. It is written in a very readable style, which makes it readily approachable for those unfamiliar with this topic. It combines an academic's insight into the law with a modern and practical approach to problems that frequently beset marine insurance. This book richly deserves to be the winner of the annual BILA book prize."