The law of marine insurance constitutes a major branch of the law of international trade and shipping law which is of considerable importance throughout the world. This new textbook offers a detailed and rigorous analysis of this dynamic area of commercial law, embracing not only the constantly evolving case law but also the standard clauses of the Institute of London Underwriters, including the 1995 revision of the hulls and freight clauses, and the roles of mutual insurance associations. After an introductory chapter, contract formation and placement of cover are considered before a series of chapters analyses the scope of cover, including causation issues and various categories of perils. Duration of cover, insurers defences and rights of third parties are examined before the book concludes with chapters relating to claims and measures of indemnity. Appendices reproduce relevant legislation, standard forms and clauses and mutual insurance association rules.