MARINE INSURANCE ACT 1909 - NOTES

MARINE INSURANCE ACT 1909 - NOTES

Act No. 11 of 1909 as amended

This compilation was prepared on 14 July 2008
taking into account amendments up to Act No. 73 of 2008

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra

Contents

Part I--Preliminary

1 Short title and commencement [see Note 1] ...............

3 Interpretation.................................

4 Saving of rules of common law......................

5 Application of certain Imperial and State Acts.............

6 Application of Act..............................

Part II--Marine Insurance

Division 1--Limits of Marine Insurance

7 Marine insurance defined..........................

8 Mixed sea and land risks..........................

9 Marine adventure and maritime perils defined.............

Division 2--Insurable Interest

10 Avoidance of wagering or gaming contracts...............

11 Insurable interest defined..........................

12 When interest must attach.........................

13 Defeasible or contingent interest.....................

14 Partial interest................................

15 Re-insurance...........................

16 Bottomry...................................

17 Master's and seamen's wages.......................

18 Advance freight...............................

19 Charges of insurance............................

20 Quantum of interest.............................

21 Assignment of interest...........................

Division 3--Insurable Value

22 Measure of insurable value.........................

Division 4--Disclosure and Representations

23 Insurance is uberrimae fidei

24 Disclosure by assured............................

25 Disclosure by agent effecting insurance.................

26 Representations pending negotiation of contract............

27 When contract is deemed to be concluded................

Division 5--The Policy

28 Contract must be embodied in policy...................

29 What policy must specify..........................

30 Signature of insurer.............................

31 Voyage and time policies..........................

32 Designation of subject-matter..................

33 Valued policy................................

34 Unvalued policy...............................

35 Floating policy by ship or ships......................

36 Construction of terms in policy......................

37 Premium to be arranged...........................

Division 6--Double Insurance

38 Double insurance..............................

Division 7--Warranties

39 Nature of warranty..............................

40 When breach of warranty excused.....................

41 Express warranties..............................

42 Warranty of neutrality............................

43 No implied warranty of nationality....................

44 Warranty of good safety..........................

45 Warranty of seaworthiness of ship....................

46 No implied warranty that goods are seaworthy.............

47 Warranty of legality.............................

Division 8--The Voyage

48 Implied condition as to commencement of risk.............

49 Alteration of port of departure.......................

50 Sailing for different destination......................

51 Change of voyage..............................

52 Deviation...................................

53 Several ports of discharge.........................

54 Delay in voyage...............................

55 Excuses for deviation or delay.......................

Part III--Assignment of Policy

56 When and how policy is assignable....................

57 Assured who has no interest cannot assign................

Part IV--The Premium

58 When premium payable...........................

Part V--Loss and Abandonment

Division 1--General

61 Included and excluded losses.......................

62 Partial and total loss.............................

63 Actual total loss...............................

64 Missing ship.................................

65 Effect of transhipment etc..........................

66 Constructive total loss defined.......................

67 Effect of constructive total loss......................

68 Notice of abandonment...........................

69 Effect of abandonment...........................

Division 2--Partial Losses (including Salvage, General Average, and Particular Charges)

70 Particular average loss...........................

71 Salvage charges...............................

72 General average loss............................

Part VI--Measure of Indemnity

Division 1--Liability of Insurer for Loss

73 Extent of liability of insurer for loss...................

74 Total loss...................................

75 Partial loss of ship..............................

76 Partial loss of freight............................

77 Partial loss of goods, merchandise etc...................

78 Apportionment of valuation........................

79 General average contributions and salvage charges...........

80 Liabilities to third parties..........................

81 General provisions as to measure of indemnity.............

82 Particular average warranties.......................

83 Successive losses..............................

84 Suing and labouring clause.........................

Division 2--Rights of Insurer on Payment of Loss

85 Right of subrogation.............................

86 Right of contribution............................

87 Effect of under insurance..........................

Part VII--Return of Premium

88 Enforcement of return............................

89 Return by agreement............................

90 Return for failure of consideration....................

Part VIII--Mutual Insurance

91 Modification of Act in case of mutual insurance............

Part IX--Supplemental

92 Ratification by assured...........................

93 Implied obligations varied by agreement or usage...........

94 Reasonable time etc. a question of fact..................

95 Reference to slip or cover note.......................

Schedules--The First Schedule

The Second Schedule

Notes