Marine Insurance Act 1909 (Cth)

Marine Insurance Act 1909

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.......................