Kuwait Court of Cassation principle number 812

A marine insurance policy. It may be in the insured’s name, to his order or to bearer. Its negotiability depends on the form in which it is drawn up. It transfers by assignment if it bears the insured’s name, by endorsement if it is to his order, and by delivery if it is to bearer. - Insurance for the benefit of a person unidentified at the time of the contract. Permissible. In this case, the policy circulates with the bill of lading itself. - Protest for non-payment:-