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This book examines the principle of indemnity within marine in­ surance contracts. The legal problems related to the principle, in theory and in practice, are discussed and evaluated through the citation and criti­ cal analysis of the relevant case law in England as well in some of the most representative common law and continental law jurisdictions, together with an analysis comprising thoughts and proposals on possible extensions, fur­ ther research options, and a possible fiiture law reform.