Marine Insurance Act.docVIP

Marine Insurance Act 1993, C. 22 An Act respecting marine insurance [Assented to 6th May, 1993] Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: SHORT TITLE Short title 1.?This Act may be cited as the?Marine Insurance Act. INTERPRETATION AND APPLICATION Definitions 2.?(1) In this Act, action ??action?? action includes a counterclaim and a set-off; contract ??contrat?? contract means a contract of marine insurance as described in subsection 6(1); freight ??fret?? freight includes the profit derivable by a shipowner from the use of the shipowners ship to carry the shipowners goods or movables and freight payable by a third party, but does not include passenger fares; goods ??marchandises?? goods means goods in the nature of merchandise, but does not include personal effects or provisions or stores for use on board a ship; insurable property ??bien assurable?? insurable property means any ship, goods or movables; marine adventure ??opérations maritimes?? marine adventure means any situation where insurable property is exposed to maritime perils, and includes any situation where (a) the earning or acquisition of any freight, commission, profit or other pecuniary benefit, or the security for any advance, loan or disbursement, is endangered by the exposure of insurable property to maritime perils, and (b) any liability to a third party may be incurred by the owner of, or other person interested in or responsible for, insurable property, by reason of maritime perils; marine policy ??police maritime?? marine policy means the instrument evidencing a contract; maritime perils ??périls de mer?? maritime perils means the perils consequent on or incidental to navigation, including perils of the seas, fire, war perils, acts of pirates or thieves, captures, seizures, restraints, detainments of princes and peoples, jettisons, barratry and all other perils of a like kind and, in respect of a marine poli