On The Right Of Subrogation In Marine Insurance

The right of subrogation in marine insurance means that when an insurance company which pays its insured client for injuries and losses then sues the party which the injured person contends caused the damages to him/her. With the development of the international trade, marine insurance industry is rapidly expanding. At the same time, the right of subrogation of marine insurance arouses interest of more and more scholars. However, the contemporary legal system on it which can not cover most of the practical problems is not perfect. The recent research focuses on the law clauses. The author tries to analyze the problems in theory and practice, and all in all, to table some proposals that contribute to the law system.The thesis is composed of four chapters. Chapter one describes the origin of the right of subrogation. In this chapter, the author analyses the reasons for the existence of the subrogation right.In the second paragraph, the operation conditions are discussed in detail. The major conditions are that Insurers must first pay, and Assureds themselves must have been able to bring action against the third party.In the third paragraph, the author mainly refers to the suing name of Insurers, the restriction and the time limit of subrogation.In the forth paragraph, the effects of the application of subrogation and Assureds are discussed.