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The Marine Insurance Act, 1963
Section 10

The Marine Insurance Act, 1963

Section 10Partial interest

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Section 10: Partial interest

Contents

Preamble
1Short title and commencement
2Definitions
3Marine insurance defined
4Mixed sea and land risks
5Lawful marine adventure
6Avoidance of wagering contracts
7Insurable interest defined
8When interest must attach
9Defeasible or contingent interest
10Partial interest
11Reinsurance
12Bottomry
13Master’s and seamen’s wages
14Advance freight
15Charges of insurance
16Quantum of interest
17Assignment of interest
18Measure of insurable value
19Insurance is uberrimae fidei
20Disclosure by assured
21Disclosure by agent effecting insurance
22Representations pending negotiation of contract
23When contract is deemed to be concluded
24Contract must be embodied in policy
25What policy must specify
26Signature of insurer
27Voyage and time policies
28Designation and subject-matter
29Valued policy
30Unvalued policy
31Floating policy by ship or ships
32Construction of terms in policy
33Premium to be arranged
34Double insurance
35Nature of warranty
36When breach of warranty excused
37Express warranties
38Warranty of neutrality
39No implied warranty of nationality
40Warranty of good safety
41Warranty of seaworthiness of ship
42No implied warranty that goods are seaworthy
43Warranty of legality
44Implied condition as to commencement of risk
45Alteration of port of departure
46Sailing for different destination
47Change of voyage
48Deviation
49Several ports of discharge
50Delay in voyage
51Excuse for deviation or delay
52When and how policy is assignable
53Assured who has no interest cannot assign
54When premium payable
55Included and excluded losses
56Partial and total loss
57Actual total loss
58Missing ship
59Effect of transhipment, etc
60Constructive total loss defined
61Effect of constructive total loss
62Notice of abandonment
63Effect of abandonment
64Particular average loss
65Salvage charges
66General average loss
67Extent of liability of insurer for loss
68Total loss
69Partial loss of ship
70Partial loss of freight
71Partial loss of goods, merchandise, etc
72Apportionment of valuation
73General average contributions and salvage charges
74Liabilities to third parties
75General provisions as to measure of indemnity
76Particular average warranties
77Successive losses
78Suing and labouring clause
79Right of subrogation
80Right of contribution
81Effect of under-insurance
82Enforcement of return
83Return by agreement
84Return for failure of consideration
85Ratification by assured
86Implied obligation varied by agreement or usage
87Reasonable time, etc., a question of fact
88Covering note as evidence
89Power to apply Act with modifications, etc., in certain cases
90Certain provisions to override Transfer of Property Act, 1882
91Savings
92Repealed
Schedules
Schedule
Commentary
Background and purpose
What it covers
Legislative history
Structure
Related laws
Sources

10. Partial interest

A partial interest of any nature is insurable.

Previous section 9. Defeasible or contingent interest Next section 11. Reinsurance

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Not an official publication. This text has no legal authority and is not legal advice. Check the Gazette of India before relying on any provision.

Last updated 30 October 2026

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