Insurance interest in marine insurance contract

Abstract

 
Given the importance of the maritime trade in the lives of the  national and people due to the fact that the majority of the commodities are being transported through seas, such
commodities and vessels are prone to significant risks. Therefore, finding a way to protect them is a must with a view to restore confidence to this type of transportation creating legal rules to regulate the maritime insurance. The Jordanian legislator has provided for certain regulations in the maritime trade law, reserving the right to apply the civil law provisions, in case the law is devoid of a provision on any issue related to the subject in amanner that does not contradict with the maritime trade law provisions .Whereas the
insurance contract should include an insurance interest, no insurance without interest, it is imperative to have established a legally consi dered interest between the insurance and the
thing or person, subject matter of the insurance in order to prevent gambling and for possible scaling of the loss volume with the necessity to satisfy the interest conditions to be material and legitimate and does not abuse the public order and public morals
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Keywords: maritime insurance contract, insurance interest