The Kingdom of Saudi Arabia has a robust maritime industry that
plays a crucial role in the country's economic development. The
Commercial Maritime Law, introduced through Royal Decree No. M/33
in 2018 provides a comprehensive legal framework governing various
aspects of the maritime sector in the kingdom.
Maritime Regulations in the Kingdom of Saudi Arabia
The Commercial Maritime Law in Saudi Arabia defines key terms
and regulations related to the maritime industry. The law covers
various aspects, including the classification of vessels, the
rights and responsibilities of vessel owners and operators, and the
regulation of maritime contracts and activities.
The Saudi Maritime Law discussed the marine insurance contracts.
According to Article 27, a marine insurance contract is "a
contract whereby the insurer undertakes to compensate the insured
for damage arising from a maritime risk in return for a
premium." The law provides a framework for these
