Article 343 of the Saudi Commercial Maritime Law
المادة 343 من النظام البحري التجاري · الفصل الرابع: التأمين على البضائع
The article provides that insurance on goods is made by a single-voyage policy or by a floating policy.
Official text (Arabic)
This article has not been amended since the law was issued.
يكون التأمين على البضائع بمقتضى وثيقة لرحلة واحدة، أو بوثيقة عائمة.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 343 explained in plain English
This article sets out the two forms of goods insurance policy:
- A single-voyage policy: covers the goods on a specified voyage.
- A floating policy: this article does not define it or detail its provisions.
Note that the text limits the forms of goods insurance to these two, and does not state the conditions of each or the difference between them in effect.
Among the related provisions is Article 344, which provides that the goods are covered by the insurance without interruption in any place where they are during the voyage as the contracting parties define it in the policy, with the insurer allowed to ask for an increase in the premium if the goods stay in a port or the ship takes time to take refuge in a port or change its usual route.
Article 342 deals with insurance of seamen's wages and expenses and expected profits. To choose the suitable type of policy, it is advisable to consult a lawyer who specializes in insurance and maritime cases.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 343 of the Saudi Commercial Maritime Law
What types of marine cargo insurance policies are there?
Goods insurance is made under a single-voyage policy or a floating policy.
Does this article explain the provisions of the floating policy?
No. It is limited to mentioning the two forms of policy without detail.
More articles on Marine Insurance
- Article 139
Ships carrying the Kingdom's nationality are not permitted to sail to areas dominated by the dangers of war, piracy or armed robbery until proof of insurance of their crew against these dangers is provided.
لا يصرح للسفن التي تحمل جنسية المملكة بالسفر إلى المناطق التي تغلب عليها أخطار الحرب, أو أعمال القرصنة أو السطو المسلح, إلا بعد تقديم مالكها أو مجهزها أو مستأجر
- Article 215
Any agreement made before the incident that exempts the carrier from liability for loss of or damage to the goods, alters the burden of proof placed on him, or assigns to him the rights arising from cargo insurance is void.
يقع باطلاً كل اتفاق يتم قبل وقوع الحادث الذي نشأ عنه الضرر, ويكون موضوعه أحد الأمور الآتية: 1- إعفاء الناقل من المسؤولية عن هلاك البضائع أو تلفها. 2- تعديل عبء
- Article 236
The carrier must hold insurance or a guarantee from a recognized body covering its liability for death and bodily injury, and the injured party may claim directly against the insurer or guarantor.
يجب أن يكون لدى الناقل تأمين أو ضمان من جهة معترف بها، لتغطية مسؤوليته عن الوفاة والإصابات البدنية. وفي هذه الحالة يجوز للمتضرر الرجوع المباشر على المؤمن أو الض
- Article 293
The article provides that the maritime insurance provisions apply to an insurance contract covering maritime risks, without prejudice to the Law on Supervision of Cooperative Insurance Companies.
دون إخلال بالأحكام الواردة في نظام مراقبة شركات التأمين التعاوني, تسري أحكام هذا الباب على عقد التأمين الذي يكون موضوعه تغطية الأخطار البحرية.
- Article 294
The article requires a maritime insurance contract and any change to it to be proved in writing, sets the particulars of the insurance policy, and makes a provisional policy binding on both parties until the final policy is issued.
1- لا يثبت عقد التأمين وكل ما يطرأ عليه إلاَّ بالكتابة. 2- يصدر بموجب عقد التأمين وثيقة تأمين تتضمن البيانات الآتية: أ- تاريخ عقد التأمين ومكانه. ب- اسم المؤمِّ
- Article 295
The article allows a maritime insurance policy to be issued in the name of the insured, to his order or to bearer, and gives its lawful holder the right to claim compensation, subject to the insurer's defenses against the insured.
1- تكون وثيقة التأمين باسم المؤمن له أو لأمره، أو لحاملها. 2- يكون لحامل الوثيقة الشرعي الحق في المطالبة بالتعويض, وللمؤمِّن أن يحتج في مواجهته بالدفوع التي يجو
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.