Singapore legislation

Regulation 3

Prescribed risks

For the purposes of the definition of “marine mutual insurance business” in section 1A of the Act, the prescribed risks are —

(a)

risks upon goods, merchandise or property of any description transported on board vessels, including incidental transit before and after shipment;

(b)

risks upon the freight of, or any other interest in or relating to, vessels;

(c)

risks upon vessels, or upon machinery, tackle furniture or equipment of vessels;

(d)

risks against damage arising out of or in connection with the use of vessels, including third‑party risks; and

(e)

risks incidental to the construction, repair or docking of vessels, including third‑party risks.