Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

MAR definition

What does MAR mean? In practice, MAR is shorthand for the market abuse regime and related fca guidance. Depending on context, it may refer to: - uk market abuse regulation (Retained Regulation (EU) No 596/2014), the onshored EU regime governing insider dealing, unlawful disclosure, market manipulation and issuer obligations to disclose inside information, enforced in the UK by the FCA. - The fca handbook’s Market conduct sourcebook (labelled MAR), which sits alongside UK MAR and provides rules and guidance for market participants, including on disclosure of inside information, PDMR dealings, insider lists, buy-backs and stabilisation. - The EU Market Abuse Regulation (Regulation (EU)...

London Market Marine War Risks Insurance: Institute Hull and Cargo Clauses—Perils, Premiums, Navigation Limits, Exclusions and Key English Law Authorities

Published by a LexisNexis Insurance & Reinsurance expert

Practice notes

Introduction

War risks insurance brings together a range of distinct hazards, grouped largely for historical reasons, as they were once excluded from, or not embraced by, standard marine cover. The method used to insure war risks prior to 1982/1983 was intricate. Certain perils were carved out of marine insurance by a warranty requiring the subject-matter to be ‘free of capture and seizure’ (‘f. c. & s.’). War risks insurance stepped in to protect against those very perils removed by the f. c. & s. clause. This Practice Note concentrates on war risks insurance for marine hull and marine cargo as arranged in the London market, although much of it is equally relevant to other categories of marine war risks insurance (eg marine liability insurance). For hull insurance, the assorted war-related perils are now consolidated within the Institute War and Strikes Clauses-Hulls (the Hull War Clauses). For marine cargo, two sets of Institute Clauses apply: one addressing war risks (the Cargo War Clauses) and another addressing strikes, terrorism and political violence (the Cargo Strikes Clauses). These Institute Clauses were intended to be used with the MAR form, a standard policy wording introduced by the...

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Jeffrey Thomson

Gatehouse Chambers

Jeffrey is a barrister and legal academic, specialising in marine, energy and construction (re)insurance, and shipping / maritime law. He worked for several years as a member of some of the London Market’s leading marine and energy insurance disputes teams. At Gatehouse Chambers, he advises on coverage, subrogated claims and liability defences, in connection with marine, war risks, aviation, business interruption, construction, product liability, and professional indemnity insurances. He is a contributor to several editions of Construction All Risks Insurance and Construction Professional Indemnity Insurance (both by Paul Reed KC), and Insurance Broking Practice and the Law (CMS Cameron McKenna Nabarro Olswang LLP and Gatehouse Chambers). At The City Law School, he leads the Maritime LLM programme’s Admiralty Law and Marine Insurance modules. His research focuses on English maritime and commercial law, both historical and present-day....

Web page updated on 28/05/2026

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