RISKS IN MARINE INSURANCE

The author of this paper elaborates risks in marine insurance. Firstly, the author primarily specifies the concept, types and basic characteristics of risks, emphasizing specifics of marine risk in relation to general risks. The author particularly considers determination of risk according to our legal regulations and English Marine Insurance Act, as the most important act in this matter. Special attention is paid to insured risk according to the most recent standard conditions for insurance of ships and goods, as the basic legal regulations in terms of marine insurance. In the final part of the paper the author gives a brief overview of certain risks in marine insurance.