The object or effect of the law, particularly in commercial situations, is to distribute risk of loss or damage. Generally these risks can be covered by insurance. This unit covers the basic range of circumstances in which risks to parties, cargo and ships involved in international trade can be covered and the circumstances in which an indemnity for losses suffered can be recovered. This requires a general understanding of the principles of insurance law as well as familiarity with the special requirements of marine insurance law and practice.
Updated 23 May 2013 by University of Bristol Law School
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