Research On Open Cover Of Maritime

Since the ancient times, carriage of goods by sea is used as a usual transportation mode between international trade for its high transport capacity and low cost of transportation, more than two-thirds of the international trade goods are transported by sea. Therefore, the maritime transportation insurance also became a modern system of insurance of priority. Open cover of Maritime is one of the important insurance of insurance system. Open cover of Maritime-is a kind of special and simplify insurance contract, both parties will insure the goods briefly such as the scope of insurance goods,kinds of insurance,the insurance liability time,the highest amount of insurance of each batch of goods,settlement method of insurance cost and so on when make contract. Other relevant details of goods, insurant should declare to the underwriter before shipment such as the quantity of the insured goods,type and name of transport,the date of sailing and so on.After China's accession to the WTO, with the rapid development of economy, the scale of trade between countries are developing at an unprecedented rate. Open cover of Maritime between underwriter and insurant, are welcome by both sides and have become a habit in the course of carriage of goods by sea, and also become a new form of law in the insurance. But Our relevant laws have little regulation. For open cover's law nature and legal effect also has no unified viewpoint and about the appointment on the terms of every insure company's contract of open cover of Maritime are different with great arbitrariness. Some even far away the original principle and properties, and causing dispute continuously, and also affected normal trade contacts. This article from maritime reservation insurance contract's effectiveness of basic theory to briefly introduce maritime reservation insurance contract and related concepts; and from China's maritime reservation insurance contract effectiveness of legislation and Marine insurance contract situation of judicial appointments to perfect the system of appointment of Marine insurance contract by referencing the British shipping developed about Marine insurance contract appointment to promote the development of maritime trade.