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Marine Insurance
1. MARINE INSURANCE DEFINED
A contract of marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby by agreed, against marine losses, that is to say, the losses incident to marine adventure.
2. MIXED SEA AND LAND RISKS
A contract of marine insurance may, by its express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage.
Where a ship in course of building, or the launch of a ship, or any adventure an
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