Admiralty Law

Admiralty law (also known as “Maritime Law”) includes all areas of law relating to maritime activity. Navigation, commerce, the shipment of goods, the transportation of passengers, and matters dealing with maritime employees are all covered. Admiralty law governs much of the insuring language in Ocean Marine Insurance. (See Ocean Marine Insurance).

Admiralty Law (Admiralty Liability)

Admiralty law is a distinct body of law which governs maritime questions and offences. It deals with matters including marine commerce, marine navigation, sailors, shipping and the transportation of passengers and goods by sea. Although, many countries have enacted their own general maritime legislation admiralty law is characterized by a significant amount of International Law developed in recent decades including various multilateral treaties.

Admiralty Lawyer

A admiralty lawyer or maritime lawyer deals with maritime law. This could involve collisions at sea, maritime torts, industrial torts, transactional law and environmental law. Ship owners and charters may engage admiralty lawyers for ship registration, ship sale, shipping litigation, arbitration, ship arrests and release apart from handling cases relating to marine insurance.

Admissible asset

An asset, under rule 4.1(3) of IPRU (INS), that be may brought into account in determining the value of an insurer’s net assets for margin of solvency purposes. Goodwill and stock-in-trade, for example, are not admissible assets and certain assets are admissible only to a specified extent. See ASSET VALUATION RULES.

Admission

Registration of a patient either as an inpatient or outpatient for receiving medical services in a health care facility. The patient is given a register number. An admission can be either a direct admission, a direct admission from the emergency department, or transfer-in from another medical facility. See also inpatient admission, outpatient admission, and newborn admission.