Marine

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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 ?
uk, commented: "This is the first time the UK Merchant Navy Seamen records, with their fascinating images of the mariners, have been made available online.
Mr Turner, Mr Booth and his wife Clarissa, who laid the wreath on behalf of the Merchant Navy yesterday, are fighting to prevent divers from exploring the wreckage of ships which sank during the war.
The annual remembrance service took place at the Memorial Garden in Redcar, to coincide with Merchant Navy Day.
Our thoughts and prayers are with all Merchant Navy personnel past and present, and their families and friends.
Veterans and descendant of British Merchant Navy ships turned out for the ceremony.
But the cost was extraordinarily high with many Merchant Navy vessels sunk and 35,000 lives lost.
Merchant seafarers who have shown distinguished service may be honoured with a new Merchant Navy Medal, Shipping Minister Stephen Hammond has announced today (3 September 2013).
Central to the Battle of the Atlantic were the ships and men of the British Merchant Navy, and of other allied nations, often making no more than eight knots in convoy, bringing essential food and supplies to our islands.
Rather less is made of the important contribution of the Merchant Navy, its part in our economy still significant today.
OLD SAILOR'S 11-HOUR CUBICLE ORDEAL BRIAN'S STORY A RETIRED Merchant Navy captain had to spend 11 hours at Glasgow's Western Infirmary A&E this week.
I WAS interested in the Titanic story in the Sunday Mercury because I served in the Merchant Navy.
WELSH Merchant Navy veterans were among the marchers parading through London as part of Merchant Navy Day.

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