Offering financial protection against maritime and transit losses, marine insurance gives the shipping industry the confidence to trade. Without the shelter to risk presented by insurance, shipping transactions and operations would be severely curtailed as players would have to rely on their own funds to cover incidents, loss or damage.

The law applies in some form to every aspect of our lives and especially so in shipping as it is such an international and complex business. An invaluable reference covering many areas of wet and dry law, legal aspects of charterparties and bills of lading and conventions on the carriage of goods by sea.

Legal Principles in Shipping Business describes the way that shipping law affects how the industry conducts itself. It explains the nuts and bolts of charter parties and different types of shipping documentation, and describes the principles and the essential ingredients of contract law.