Study On The Insurable Interests In Marine Cargo Transportation

Insurable interests as a principle appeared Firstly in the UK in1745n the Marineinsurance law. At the beginning of the20th century, It was established as the basicprinciple of Marine insurance. Marine insurance is mainly divided into Marine cargotransportation insurance and Marine insurance, but the most complex part is Marinecargo transportation insurance. This article is around the relevant issues of insurableinterests in Marine cargo transportation insurance. Under the statement of theconnotation, origin, nature of insurable interests in Marine cargo transportation, wediscusses and analyzes the validity and the transfer of the insurable interests inMarine cargo transportation. The Marine insurance law act1906(MIA1906) hasdefined the content of insurable interests, however, maritime law in our country donot regulate the principle of insurable interests.Insurance law have regulated it, butthe content is not specific. In addition, Marine cargo transportation insurance isparticular. it is difficult that general provisions in the insurance law can suit thesituation of Marine cargo transportation insurance.The Marine insurance is an indispensable important link of in Marine cargotransportation. Because each country about the principle of insurable interests isdifferent, Especially the common law system and civil law system countries and regions,thissituation leads that the troubled insurance claims matters of marine cargotransportation never stop. Our country is a civil law country, but maritime law isunder the influence of the common law. It leads to a larger conflict in the applicationof the principle of insurable interests. The new development of international tradeputs forward a new topic in insurable interests in Marine cargo transportation. Due tothe lack of legislation, controversies about insurable interests in Marine cargotransportation is never over. Researching and discussion of insurable interests inMarine cargo transportation has great realistic significance. With the development ofglobalization, the international maritime trade had changed a lot. Marine insurance isimportant to maritime trade and insurable interests principle. Insurable interestsprinciple is a basic principle of Marine insurance, and it is also a judgment ofcontract effectiveness. By discussion and analysis of insurable interests in Marine cargo transportation, we known that it represents a certain interest of a specificrelationship. Under its historical evolution and the national or regional legislation,we analyzedeffectiveness of the people and the time in insurable interests in Marine cargotransportation, especially the transfer problems. In the last part, under the discussingthe problem that insurable interests in Marine cargo transportation can be abolishedor not, we put forward the resolution and legislative Suggestions, and clear theexistence value of insurable interests in Marine cargo transportation.