The Marine Insurance Policy of Antwerp of 1 July 1859 is one of the most widespread maritime insurance policies in the world. After 145 years, a need for modernisation of the language and adaptation of the text for present-day needs led to its successor, the Cargo Insurance Policy of Antwerp of 1 April 2004. The author describes the content and exact meaning of the various provisions by means of analysis of the 150 years of case law which has been generated by the Policy of 1859 and the preparatory texts of insurers and insurance brokers for the new Policy provisions. This is the first systematic commentary on this subject. The book is set up as a clause-by-clause commentary wherein the author systematically compares the original wording of the provisions to the construction which is given to them by case law of the ordinary courts and of arbitrators. This English translation (Dutch title: "De goederenverzekeringspolis van Antwerpen") will help in the uniform construction and application of the provisions of the Policy.

Based on the analysis of Hamburg’s marine insurance premiums for more than 120 years, this book shows that the premiums’ long-term decline has been a consequence of both the restoration of security on the high seas after 1815 and the elimination of piracy around 1830.

Insurance is a legal, an actuarial and a financial product, and it is one out of many risk management strategies. It follows that its history can only be studied in the broader context of the development of such strategies, applying an interdisciplinary approach. The theme of the present volume is maritime risk management. After an overview over the history of insurance, the contributions to the present volume examine different maritime risk management strategies by adopting a variety of methodological approaches. Some contributions focus on normative provisions, others contrast practice with legal scholarship, or focus on the emergence of insurance companies as opposed to individual insurers. Again, other contributions give insights in marine insurance practice in specific cities or analyse insurance practice through the lens of specific insurance litigation. As to the time frame, the different contributions span from antiquity to the nineteenth century.

The book examines and analyses in depth the specific issues which are currently occupying the marine insurance markets and the law. The London market is currently re-examining its practices and international competitiveness; and the English case law is growing significantly. The issues identified in the book are the “fundamental issues” on which marine insurance law is based, and which are in the process of being re-examined and developed further to respond to the needs of modern insurance practice. They are of wider interest to insurance law in general and the evolution of English law is analysed against the backdrop of legal developments in Europe and Scandinavia.

This book provides a comprehensive collection of Cases and Materials On Marine Insurance Law. The sources included here are not always readily accessible. Each chapter is introduced with a brief resume of the general principles,before the facts of each case are summarised and the extracts of the relevant parts of judgments reproduced. The significance of the judicial extracts, the statutory materials and standard terms are then discussed with particular emphasis on important and problematical areas of the law.This book will be indispensable not only to postgraduate students of law, in-house lawyers, insurance brokers and claims adjusters, but also to students of maritime studies, legal practitioners and a wide range of professionals within the shipping industry who may wish to have at hand a convenient source of information. Whilst the book is a companion to the authors The Law of Marine Insurance, it is also structured to stand as a marine insurance text in its own right.