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 ?
The organisation kickstarted a campaign three years ago to have their Red Ensign flag flown in Dumfries and Galloway to commemorate Merchant Navy Day and those who lost their lives at war.
Captain Angus McDonald is one of 19 men and women receiving a Merchant Navy Medal for Meritorious Service to the UK's maritime industry.
"The Merchant Navy has an important part to play in our history as a nation and continues to safely deliver vital supplies to our shores."
"Merchant Navy ships continue to this day to face the routine dangers of the seas so Stirling Council is proud to support this event by flying the Red Ensign flag for the rest of the week."Council Leader Scott Farmer said: "My grandfather was a captain on the Atlantic convoy runs and my wife's father was on the Russian convoys so I am glad that Stirling Council has marked Merchant Navy Day.
"Merchant Navy's amazing win at Royal Ascot means he retires to stud as one of the best sprinting colts of modern times," said Coolmore Australia's Tom Magnier.
Despite success in the eighth and final Group 1 of the Royal meeting, O'Brien - who hopes Merchant Navy will stay for Newmarket's July Cup before returning Down Under - admitted to a sense of frustration at defeat in the preceding seven.
racecourses withdrawals, to tell pin to prevent MERCHANT NAVY is the younger horse by three years and should have progressed more in the last few months than his rival.
Wreaths were laid by, among others, the Indefatigable Old Boys Association (IOBA), Merchant Navy veterans, High Commissioners and naval attaches from many countries linked with the Port of Liverpool, including the Canadian Navy.
The date is national Merchant Navy Day and it is the UK's opportunity to remember the sacrifices, salute the courage and support the future of the service.
The Merchant Navy Association in Wales has teamed up with information project HistoryPoints to make the names and personal details of thousands of merchant seamen who died in wartime available on smartphones and computer tablets.
BIRMINGHAM'S Lord Mayor, Coun Ray Hassall, flew the Red Ensign outside the Council House yesterday to celebrate Merchant Navy Day and raise awareness of the UK's ongoing dependence on Merchant Navy seafarers.
The Merchant Navy serviced the three services, who could not have operated without the MN.

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