Marine Insurance Laws of Bangladesh; a Comparative Study

Abstract

Bangladeshi maritime insurance law evaluation. We'll explore industry operations, courts, and laws. After discussing maritime insurance and interpretive notions, this study examines Bangladesh's historical and legal setting and argues that it employs English law because it lacks a legal framework. Examining the 1906 maritime Insurance Act, 2010 Insurance Act, and 2000 Admiralty Court Act, this paper seeks to develop maritime insurance in Bangladesh. Triumphal cases like Eagle Star Insurance Company Limited vs. Rahmania Trading Co. suggest English maritime insurance laws may govern admiralty insurance. Bangladeshi maritime insurance is successful yet has inaccurate policies and insufficient coverage. Finally, the research illuminates marine insurance in Bangladesh. Guidance, precedents, Admiralty Court Act revisions, education, and laws are suggested. In this dissertation, the Insurance Act, 2010 and the Marine Insurance Act, 1906 are examined for pros, cons, gaps, and the necessity for proactive and contextual implementation to stay up with the ever-changing legal landscape.