초록 열기/닫기 버튼
Marine companies insure marine insurances to alleviate risks which may arise toa vessel or shipment. Upon the Marine Insurance Act(“MIA”), an insurer requiresthe insured to disclose important matters to the insurer in order to assess the riskaccurately when the insurer underwrites insurance. However, if any circumstancewhich is known to the insurer and any circumstance which diminishes the risk, theduty of disclosure can be waived. Further, when the insurance contract is madebetween the insured and the insurer, the parties encompass implied or explicitwarranty(International Safety Management Code) in the contract. Since this is notfound in Korean law, if any dispute related to warranty occurs in Korea, thejudgment of the British Court should be reviewed and find out whether the legalprinciple of MIA can be used as is.
키워드열기/닫기 버튼
English Marine Insurance Act, Duty of Disclosure, Explicit Warranty, Implied Warranty, International Safety Management Code
