Allocation of Marine Risks: An Overview of the Marine Insurance Package

Article by Robert T. Lemon II

Those engaged in maritime commerce are exposed to considerable risk in the day-to-day course of their business. Whether it be the owner of a vessel, the cargo on board, or the operator of the terminal at which the vessel calls to load that cargo, risk of loss and risk of liability attaches to all those involved in marine operations. This Article examines in summary fashion the various marine insurance policies and the coverage those policies afford those involved in maritime commerce.


About the Author

Robert T. Lemon II. Partner, Jones, Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P., New Orleans and Houston. Member of the Louisiana and Texas Bars. LL.M., University College, University of London; J.D., Tulane Law School; B.S., U.S. Merchant Marine Academy.

Citation

81 Tul. L. Rev. 1467 (2007)