ABSTRACT
Section 55(2) of the Marine Insurance Act 1906 provides the broad framework for both included and excluded losses, within which the Institute Hull Clauses and the Cargo Clauses are supplementary and not in conflict. In addition, the Rules for Construction, contained in the Act, provide definitions for some of the marine risks: 'perils of the seas', 'pirates', and 'thieves' are given some clarification.
