The term ‘Uberrimae Fidei’ (in utmost good faith) is used to determine the degree of responsibility of the
shipper, i.e. the title-holder over the goods, to notify the insurer of the exact nature of the goods to be
shipped. Critically evaluate the extent to which the insurer needs to rely on this principle to ensure that the insurance policy is not only valid, but the degree to which risk can be properly assessed on the cargo to be insured. Define also the term ‘insurable perils’ with relation to goods stowed on board a vessel
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