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OverviewThe Supreme Court ruling in Global Process System Inc. v Syarikat Takaful Malaysia Berhad (The Cendor MOPU) created a shock wave in the London marine insurance market, as the Supreme Court decision changed the boundaries of doctrine with respect to the meaning of ‘perils of the sea’ and ‘inherent vice’. Both phrases play an important role in the insurance market, affecting both assureds and insurers and their respective interests under all classes of marine insurance policies. This book reviews the origin of the clauses ‘perils of the sea’ and ‘inherent vice’ by tracing back through the early cases in order to understand the origin and noting how and why the changes occurred. It will examine how the law has been developed in the recent cases and discuss whether the Supreme Court case The Cendor MOPU has overruled the previous cases in terms of the clauses ‘inherent vice’ and ‘perils of the sea’. Considering the impact of The Cendor MOPU decision with respect to the Marine Insurance Act 1906, as well as the standard Institute Cargo Clauses, it evaluates whether the decision is consistent with these things and discusses the effect of the decision on recent cases and on the insurance market. Full Product DetailsAuthor: Ayça UçarPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.308kg ISBN: 9780367609689ISBN 10: 0367609681 Pages: 198 Publication Date: 09 January 2023 Audience: College/higher education , Tertiary & Higher Education Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1 Introduction to ‘Perils of the Sea’ and ‘Inherent Vice’ in Marine Insurance Law 2 Historical Overview of ‘Perils of the Sea’ and ‘Inherent Vice’ in Marine Insurance Law 3 The Modern Definitions of ‘Perils of the Sea’: After the Marine Insurance Act 1906 4 Fortuity and ‘Perils of the Seas’ 5 Cargo Insurance and ‘Perils of the Sea’ 6 Hull Insurance and ‘Perils of the Sea’ 7 Inherent Vice 8 Cargo Insurance and ‘Inherent Vice’ 9 CausationReviewsAuthor InformationDr Ayça Uçar is an assistant professor of maritime, transport and insurance law at Özyeğin University, Turkey. Tab Content 6Author Website:Countries AvailableAll regions |
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