Study On Pirate Ransom And Insurance Payment Legal Issues

In recent years, the Pirates appeared frequently in new reports and the vision of the world. Increasingly rampant piracy will was in a slump to international transportation. At present the pirates to plunder ship rob goods tradition burn out, turn on the arrest of a ship and crew and a ransom goods have a special liking. Frequently millions of pirates ransom, to the parties and the cargo is very heavy burden, it also caused a series of disputes about pirates ransom, the international has no unified regulation, so the question of pirates ransom has become to academia and insurance are difficult problem so in theory how to recognize pirates ransom? In practice, how to operate a ransom of accept insurance settlement? Deal with pirates ransom problem how to related parties rights and obligations of the configuration? These will be discussed in this paper.This text is divided into five chapters. The first chapter sets forth the purpose and significance of this study, the content and methodsas well as innovation; The second chapter to piracy in basic overview. First introduces the origin of piracy in the international law and the definition of piracy, analyses piracy and the way the loss caused by type, introduced the concept of the pirates ransom. Starting from the basic theory of the maritime law to discuss the controversy and the legal nature of its legitimacy. That pirate ransom as general average more reasonable; The third chapter represents pirates risk insurance payment. First describes the relationship of the pirates ransom and the pirates risk amount, demonstrated the pirates ransom loss are pirates risks, analyze the existing domestic and international law on underwriting risk of piracy; In the forth chapter, by comparing the argument, comparing the law of international of underwriting pirate ransom and international practice, the analysis of our country about the loss of pirate ransom payment difficulties and difficult to come to our pirate ransom should be included in the range of insured losses; Finally, applying the use of insurance law, theory, the writer put forward the China’s marine insurance legislation and practice recommendations.