Updated: 16 February, 2001

Resolution of the Assembly of the Comite Maritime International [Marine Insurance] Done at Singapore, 16th February 2001

1. Takes due note of the work done by the International Working Group on Certain Issues of Marine Insurance Law (IWG), and of the discussions during the sessions devoted to marine insurance at the 37^th International Conference of the CMI;
    
2. Considers the current study by the IWG of the national laws of marine insurance to be an exercise worth continuing from both an academic and a practical perspective;
    
3. Requests the IWG to continue its study of national laws of marine insurance, in a fully consultative process, and in a manner which seeks to identify and evaluate areas of difference (primarily drawn from those identified in CMI Yearbook 2000 – Singapore 1 page 326) where either

• a measure of harmonisation may be feasible and desirable and would better serve the marine insurance industry; or
• the dissemination by the CMI of the products of the IWG's research would in itself promote better knowledge and understanding of such differences.

4. Requests the IWG in its continuing study to take into account

• the role which marine insurance should be playing in promoting the highest internationally accepted standards of safety at sea, with particular regard for the insistence upon and enhancement of safety of all marine personnel
• the current economic structures within which marine insurance is underwritten, taking into account inter alia regional co-operation, competition and regulation
• the differences and similarities in the civilian and common law legal systems, in relation to the content of substantive law, to procedural issues, and to draftsmanship;

5. Requests the IWG to report upon its endeavours periodically to the Executive Council of the CMI, and thereafter to the 38^th International Conference of the CMI (with any draft discussion proposal as the IWG may then recommend for discussion in conference).

16/02/2001 01:40 PM / evr