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INSURANCE, MARINE, contracts. Marine insurance is a contract whereby one party, for a stipulated premium, undertakes to indemnify the other against certain perils or sea risks, to which his ship, freight, or cargo, or some of them may be exposed, during a certain voyage, or a fixed period of time. 3 Kent, Com. 203; Boulay-Paty, Dr. Commercial, t. 10.
     2. This contract is usually reduced to writing; the instrument is called a policy of insurance. (q. v.)
     3. All persons, whether natives, citizens, or aliens, may be insured, with the exception of alien enemies.
     4. The insurance may be of goods on a certain ship, or without naming any, as upon goods on board any ship or ships. The subject insured must be an insurable legal interest.
     5. The contract requires the most perfect good faith; if the insured make false representations to the insurer, in order to procure his insurance upon better terms, it will avoid the contract, though the loss arose from a cause unconnected with the misrepresentation, or the concealment happened through mistake, neglect, or accident, without any fraudulent intention. Vide Kent, Com. Lecture, 48; Marsh. Ins. c. 4; Pardessus, Dr. Com. part 4, t. 5, n. 756, et seq.; Boulay-Paty, Dr. Com. t. 10.

MARINE. Whatever concerns the navigation of the sea, and forms the naval power of a nation is called its marine.

References in periodicals archive ?
Boaters will not only enjoy the comfortable and convenient features of the harbor, but all marina guests are granted full access to the resort's exceptional amenities.
The Gold Anchor Award Scheme is based on the TYHA Code of Practice for the design, construction and operation of marinas.
The award is a huge accolade for the city and for NE1 Ltd, the company behind the marina, and was presented to Adrian Waddell, Operations Director at NE1 Ltd by the Yachts Harbour Association at a prestigious award ceremony at the London Boat Show on Thursday.
Being part of the Active Marinas scheme involved offering training and social events for sailors to brush up on their skills and find like-minded water enthusiasts.
In addition to the Porto Arabia and Costa Malaz marinas, Ronautica also operates Doha's only Water Taxi -Shuttle Service, operating within in Porto Arabia and offers a luxury 40-feet yacht available for charter.
As for how the current marina market looks, McDonough says investors are purchasing marinas based on "in-place" income.
The existing marina facilities will be enhanced with the addition of a variety of new licensed food and beverage outlets, each featuring large terraces with panoramic marina views and surrounded by a pedestrian friendly promenade, interactive fountains, and children's play areas.
Just a short distance from the marina is the Bandar Khairan area with a wealth of pristine and secluded beaches along the coast and the islands of Ras Abou Daoud, which are accessible only by sea.
Muscat: The Wave, Muscat, has announced that its award-winning Almouj Marina is now welcoming boats and is offering complimentary berthing facility ahead of its grand opening in autumn.
The General Manager of Yas Marina, Cedric Le Rest, commented, "We are extremely pleased to see the increased occupancy levels at Yas Marina and believe this is due to our extremely competitive annual berth rates - which now include an F1TM berth.
From January 2012, Seawings will offer a 40-minute outing from Dubai Creek Golf and Yacht Club over the awe inspiring views of Dubai Creek, Burj Al Arab, Burj Khalifa, Palm Jumeirah and World Islands to Yas Island's Yas Marina.
Durrat Marina inked a Memorandum of Understanding (MoU) with ART Marine.