Section 3. TRANSFER OF RIGHTS UNDER CONTRACTS OF MARINE INSURANCE

Article 235.- Transfer of marine policies
1. A marine policy is transferable unless it contains terms expressly prohibiting transfer. It may be transferred either before or after loss of the subject of insurance.
2. A person who has no interest in the subject of insurance shall not be allowed to transfer the policy.

Article 236.- Mode of transfer of marine policies
A marine policy may be transferred by the assured’s endorsement on it according to a commercial practice.