Who have insurable interest in case of marine insurance policy ?

Under marine insurance, the following persons are deemed to have the insurable interest:

1. The owner of the ship,

2. The owner of the cargo.

3. A creditor who has advanced money on the security of the ship or cargo.

4. The master and crew of the ship.

5. A trustee holding any property in trust has insurable interest in respect of their wages.

6. In case of advance freight the person advancing the freight.

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