International Marine Cargo Insurance Can Protect The Interests Of Legal Research

The insurable interest of international marine cargo insurance is the footstone of international marine cargo insurance. It is a sort of economic interest with risk, which is based on cargo, not against public order and fine morality, not prohibited by laws and rules. The insurable interest should contain the interest ratified by laws, but should not be limited thereof, and it is the effectiveness factor rather than formation factor of the international marine cargo insurance contract. The insurable interest's existing time is confirmed by the period in which the insured undertakes the risk of cargo. The value of the insurable interest is quantified by the agreement between the insurer and the insured when they make insurance contract. When the cargo is on the marine voyage, different subject will have various insurable interest to cargo in different time, who will obtain the insurance compensation by right of their own insurable interest as the risk happens. That the insurable interest transfers between buyer and seller is frequent and complicated, but it always happens in correspondence with the cargo's risk transfer, besides it always follow the insurance purpose to meet the actual loss.