ABSTRACT
Like the common law, the Marine Insurance Act 1906 recognises only two main types of loss: a total loss and a partial loss. A total loss may be either an actual total loss or a constructive total loss (s 56(2)). This chapter will first discuss the various types of actual total loss, and then the nature of a constructive total loss together with matters relating to the giving of a notice of abandonment and ademption of loss. Partial losses will then be discussed in the next two chapters, the first of which will study the different types of particular average loss: particular average loss of ship and goods, and the measure of indemnity therefor. This will be followed by a chapter on extraordinary expenses such as salvage, salvage charges, general average and sue and labour charges (particular charges) where each of these special claims will be dealt with separately.
