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MARINE INSURANCE ACT 1909 - NOTES

Act No. 11 of 1909 as amended

This compilation was prepared on 14 July 2008
taking into account amendments up to Act No. 73 of 2008

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra

  

  

  


Contents

Part I--Preliminary                                                                                                               1

1............ Short title and commencement [see Note 1]........................................ 1

3............ Interpretation....................................................................................... 1

4............ Saving of rules of common law.......................................................... 1

5............ Application of certain Imperial and State Acts.................................... 1

6............ Application of Act............................................................................... 2

Part II--Marine Insurance                                                                                               3

Division 1--Limits of Marine Insurance                                                             3

7............ Marine insurance defined.................................................................... 3

8............ Mixed sea and land risks..................................................................... 3

9............ Marine adventure and maritime perils defined..................................... 3

Division 2--Insurable Interest                                                                                  5

10.......... Avoidance of wagering or gaming contracts....................................... 5

11.......... Insurable interest defined.................................................................... 5

12.......... When interest must attach.................................................................... 5

13.......... Defeasible or contingent interest......................................................... 6

14.......... Partial interest...................................................................................... 6

15.......... Re-insurance....................................................................................... 6

16.......... Bottomry............................................................................................. 6

17.......... Master's and seamen's wages............................................................. 6

18.......... Advance freight................................................................................... 7

19.......... Charges of insurance........................................................................... 7

20.......... Quantum of interest............................................................................. 7

21.......... Assignment of interest........................................................................ 7

Division 3--Insurable Value                                                                                      8

22.......... Measure of insurable value................................................................. 8

Division 4--Disclosure and Representations                                                    9

23.......... Insurance is uberrimae fidei................................................................ 9

24.......... Disclosure by assured......................................................................... 9

25.......... Disclosure by agent effecting insurance............................................ 10

26.......... Representations pending negotiation of contract............................... 10

27.......... When contract is deemed to be concluded......................................... 11

Division 5--The Policy                                                                                                12

28.......... Contract must be embodied in policy................................................ 12

29.......... What policy must specify.................................................................. 12

30.......... Signature of insurer........................................................................... 12

31.......... Voyage and time policies.................................................................. 12

32.......... Designation of subject-matter............................................................ 13

33.......... Valued policy.................................................................................... 13

34.......... Unvalued policy................................................................................ 14

35.......... Floating policy by ship or ships........................................................ 14

36.......... Construction of terms in policy......................................................... 14

37.......... Premium to be arranged.................................................................... 14

Division 6--Double Insurance                                                                                16

38.......... Double insurance.............................................................................. 16

Division 7--Warranties                                                                                              17

39.......... Nature of warranty............................................................................ 17

40.......... When breach of warranty excused.................................................... 17

41.......... Express warranties............................................................................ 17

42.......... Warranty of neutrality....................................................................... 18

43.......... No implied warranty of nationality.................................................... 18

44.......... Warranty of good safety.................................................................... 18

45.......... Warranty of seaworthiness of ship.................................................... 18

46.......... No implied warranty that goods are seaworthy................................. 19

47.......... Warranty of legality........................................................................... 19

Division 8--The Voyage                                                                                            20

48.......... Implied condition as to commencement of risk................................. 20

49.......... Alteration of port of departure........................................................... 20

50.......... Sailing for different destination......................................................... 20

51.......... Change of voyage............................................................................. 20

52.......... Deviation........................................................................................... 21

53.......... Several ports of discharge................................................................. 21

54.......... Delay in voyage................................................................................ 21

55.......... Excuses for deviation or delay.......................................................... 22

Part III--Assignment of Policy                                                                                     23

56.......... When and how policy is assignable.................................................. 23

57.......... Assured who has no interest cannot assign....................................... 23

Part IV--The Premium                                                                                                     24

58.......... When premium payable..................................................................... 24

Part V--Loss and Abandonment                                                                                25

Division 1--General                                                                                                     25

61.......... Included and excluded losses............................................................ 25

62.......... Partial and total loss.......................................................................... 25

63.......... Actual total loss................................................................................. 26

64.......... Missing ship..................................................................................... 26

65.......... Effect of transhipment etc.................................................................. 26

66.......... Constructive total loss defined.......................................................... 26

67.......... Effect of constructive total loss......................................................... 27

68.......... Notice of abandonment..................................................................... 27

69.......... Effect of abandonment...................................................................... 28

Division 2--Partial Losses (including Salvage, General Average, and Particular Charges)     29

70.......... Particular average loss....................................................................... 29

71.......... Salvage charges................................................................................. 29

72.......... General average loss......................................................................... 29

Part VI--Measure of Indemnity                                                                                  31

Division 1--Liability of Insurer for Loss                                                          31

73.......... Extent of liability of insurer for loss.................................................. 31

74.......... Total loss........................................................................................... 31

75.......... Partial loss of ship............................................................................. 31

76.......... Partial loss of freight......................................................................... 32

77.......... Partial loss of goods, merchandise etc............................................... 32

78.......... Apportionment of valuation.............................................................. 33

79.......... General average contributions and salvage charges........................... 33

80.......... Liabilities to third parties................................................................... 34

81.......... General provisions as to measure of indemnity................................. 34

82.......... Particular average warranties............................................................. 34

83.......... Successive losses.............................................................................. 35

84.......... Suing and labouring clause............................................................... 35

Division 2--Rights of Insurer on Payment of Loss                                     36

85.......... Right of subrogation......................................................................... 36

86.......... Right of contribution......................................................................... 36

87.......... Effect of under insurance.................................................................. 36

Part VII--Return of Premium                                                                                     37

88.......... Enforcement of return....................................................................... 37

89.......... Return by agreement......................................................................... 37

90.......... Return for failure of consideration.................................................... 37

Part VIII--Mutual Insurance                                                                                       39

91.......... Modification of Act in case of mutual insurance............................... 39

Part IX--Supplemental                                                                                                     40

92.......... Ratification by assured...................................................................... 40

93.......... Implied obligations varied by agreement or usage............................. 40

94.......... Reasonable time etc. a question of fact.............................................. 40

95.......... Reference to slip or cover note.......................................................... 40

Schedules--The First Schedule                                                                                    41

The Second Schedule                                                                                                          43

Notes                                                                                                                                              49


An Act relating to Marine Insurance

Notes to the Marine Insurance Act 1909

Note 1

The Marine Insurance Act 1909 as shown in this compilation comprises Act No. 11, 1909 amended as indicated in the Tables below.

Table of Acts

Act

Number
and year

Date
of Assent

Date of commencement

Application, saving or transitional provisions

Marine Insurance Act 1909

11, 1909

11 Nov 1909

1 July 1910 (see Gazette 1910, p. 993)

 

Statute Law Revision (Decimal Currency) Act 1966

93, 1966

29 Oct 1966

1 Dec 1966

--

Statute Law Revision Act 1973

216, 1973

19 Dec 1973

31 Dec 1973

Ss. 9(1) and 10

Financial Services Reform (Consequential Provisions) Act 2001

123, 2001

27 Sept 2001

Schedule 1 (item 259): 11 Mar 2002 (see Gazette 2001, No. GN42) (a)

--

Statute Law Revision Act 2008

73, 2008

3 July 2008

Schedule 4 (items 386-389): 4 July 2008

--


(a)     The Marine Insurance Act 1909 was amended by Schedule 1 (item 259) only of the Financial Services Reform (Consequential Provisions) Act 2001, subsections 2(1) and (6) of which provide as follows:

                 (1)   In this section:

                         FSR commencement means the commencement of item 1 of Schedule 1 to the Financial Services Reform Act 2001.

                 (6)   Subject to subsections (7) to (17), the other items of Schedule 1 commence on the FSR commencement.


Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

Part I

 

S. 2......................................

rep. No. 216, 1973

S. 3......................................

am. No. 73, 2008

Part II

 

Division 2

 

Ss. 11-13............................

am. No. 73, 2008

S. 15....................................

am. No. 73, 2008

S. 17....................................

am. No. 73, 2008

Ss. 19-21............................

am. No. 73, 2008

Division 4

 

Ss. 24-26............................

am. No. 73, 2008

Division 5

 

S. 29....................................

am. No. 73, 2008

Division 6

 

S. 38....................................

am. No. 73, 2008

Division 7

 

Ss. 39, 40............................

am. No. 73, 2008

Division 8

 

S. 48....................................

am. No. 73, 2008

S. 52....................................

am. No. 73, 2008

S. 55....................................

am. No. 73, 2008

Part III

 

Ss. 56, 57............................

am. No. 73, 2008

Part IV

 

S. 58....................................

am. No. 73, 2008

Ss. 59, 60............................

rep. No. 123, 2001

Part V

 

Division 1

 

Ss. 61, 62............................

am. No. 73, 2008

S. 66....................................

am. No. 73, 2008

S. 68....................................

am. No. 73, 2008

Division 2

 

Ss. 71, 72............................

am. No. 73, 2008

Part VI

 

Division 1

 

S. 73....................................

am. No. 73, 2008

Ss. 79, 80............................

am. No. 73, 2008

S. 84....................................

am. No. 73, 2008

Division 2

 

Ss. 85-87............................

am. No. 73, 2008

Part VII

 

S. 88....................................

am. No. 73, 2008

S. 90....................................

am. No. 73, 2008

Part IX

 

S. 92....................................

am. No. 73, 2008

Schedules

 

The Second Schedule......

am. No. 93, 1966

 


 



(a) [Sue and labour clause.]

(b) [Waiver clause.]



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