Section I: Marine, river and lake insurance

Vessel insurance is taken out either for a single voyage, or for several consecutive voyages, or for a fixed period.

In the case of voyage insurance, cover runs from the start of loading until the end of unloading and no later than fifteen days after the ship’s arrival at its destination. In the case of a voyage in ballast, cover runs from the moment the vessel starts up until it is moored on arrival.

In time cover, the risks of the first and last day are covered by the insurance. Days are counted from zero to 24 hours, according to the time in the country where the policy was issued.

The insurer does not cover damage or loss resulting from a defect in the vessel itself, except in the case of a latent defect.

The insurer does not cover damage or loss caused by the captain’s wilful misconduct.

Where the insured value of the vessel is an agreed value, the parties shall mutually refrain from making any other estimate, subject to the provisions of Articles L. 172-6 and L. 172-26.

Guaranteed arrival insurance may only be taken out, on pain of nullity, with the agreement of the ship’s insurers. When a sum is insured in this way, proof of the insurable interest results from the acceptance of the sum thus guaranteed. The insurer is only liable in the event of total loss or abandonment of the vessel as a result of a risk covered by the policy; it has no…

With the exception of personal injury, the insurer is responsible for reimbursing damages of any kind for which the insured would be liable on the recourse of third parties in the event of collision by the insured vessel or collision of this vessel with a building, fixed, movable or floating object.

In the case of travel insurance or insurance for several consecutive trips, the entire premium is due to the insurer as soon as the risks have begun.

In time cover, the premium stipulated for the entire duration of the cover is earned in the event of total loss or abandonment at the insurer’s expense. If the insurer is not responsible for the total loss or surrender, the premium is earned according to the time accrued until the total loss or notification of surrender.