MARITIME AND ADMIRALTY LAW – NY, NJ, CT and FL
Maritime law, also known as admiralty law, is a body of laws, conventions, and treaties that govern private maritime business and other nautical matters, such as contractual disputes, maritime insurance matters or shipping and other offenses occurring on open water. International marine laws, governing the use of the oceans and seas, are known as the Law of the Sea. Maritime law is a fundamental branch of law that regulates commerce, operation and navigation on the seas or other navigable waters.
Maritime Law: Marine Insurance
Stewart Lee Karlin Law Group, P.C., has attorneys experienced with the full range of marine insurance coverage and have consulted on and litigated several forms of marine insurance litigation from complex international matters and reinsurance contracts, to the dispute resolution of breach of contract and denial of insurance coverage matters in New York. Our attorneys are specialized in this area and our principal, Stewart Karlin, holds a Master of Laws in Maritime law (LLM) from Tulane University School of Law.
At Stewart Karlin Law Group, P.C., we make sure that all transactions comply with the Uberrima fides concept, which governs all insurance contracts and is a Latin term meaning “utmost good faith.” This means that all parties to a marine insurance contract must deal in good faith, making a full declaration of all facts in the insurance proposal. For the insured, it means that he must reveal in the application process the exact nature and potential of the risks that he transfers to the insurer. For the insurer, it means that he must act in good faith agreeing to share the risk of loss with the policyholder.
Contact Stewart Lee Karlin Law Group, PC today.