Chapter:	329	Title:	MARINE INSURANCE ORDINANCE	Gazette Number:
Section:	7	Heading:	Defeasible or contingent interest	Version Date:	30/06/1997

(1) A defeasible interest is insurable, as also is a contingent interest.
(2) In particular, where the buyer of goods has insured them, he has an insurable interest, notwithstanding that he might, at his election, have rejected the goods, or have treated them as at the seller's risk, by reason of the latter's delay in making delivery or otherwise.