In force · As amended up to 2026-08
5. Lawful marine adventure.— Subject to the provisions of this Act, every lawful marine adventure may be the subject of a contract of marine insurance.
INSURABLE INTEREST
5. Safely landed.— Where the risk on goods or other movables continues until they are "safely landed", they must be landed in the customary manner and within a reasonable time after arrival at the port of discharge, and if they are not so landed the risk ceases.
Source: India Code