The law of marine insurance is an ancient one and a vital part of english commercial law and international commercial law marine insurance law is intellectually challenging area and of great practical commercial importance as many commercial transactions involve insurance many insurance law problems particularly those of marine insurance law arise when there are disasters often tragic armed conflict piracy terrorism natural disasters as well as massive commercial declines. Marine insurance law second edition introduces and clearly explains all topics covered in courses at masters level offering students and those new to the area a comprehensive and accessible overview and way into this important topic in maritime law beginning by introducing the general principles of the subject and structure and formation of insurance contracts this text goes on to look at . Given the extensive history of the english marine insurance market there is a long history of marine insurance case law dating back several hundred years although england is still a common law legal system ie the law is applied and developed by the courts via a binding system of precedent the law of marine insurance was codified in 1906 by the marine insurance act which for many years