摘要：The paper has analysed and interpreted the provisions of new international standard clauses for vessels´ insurance. The solutions of new standard clauses have been compared with Institute Time Clauses from 1983. By means of International Hull Clauses from 2003., new standard clauses for vessels´Insurance. the coverage of Institute Time Clauses – Hulls hasn´t been esentially changed . From legal and tehnical point of view the version of former clauses has been improved by new provisions and changes of the existent ones. By means of new provisions, standard clauses have been compared to new international law on vessel´s safety, as well as new solutions of english legislation and jurisdiction. New conditions of insurance are modern and more successful legal regulation than Institute Clauses. It should be especially pointed out to the editor´s attempt to apply the method of contractual regulation instead of old legal institute of insurance warranties. Numerous shortcommings could be found too. Exclusive reference of the clauses to English legal System and specific practice of London insurance market make the clauses not applicable for the contracts not signed within English jurisdiction.
