Scribd
Upload
13 views1 page

Document

Marine insurance protects ships, cargo, and property involved in maritime activities from losses or damages. It includes various types such as hull, cargo, freight, and liability insurance. This coverage is crucial for managing risks in maritime trade and transportation.

Uploaded by

Murshid Ali Official
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
13 views1 page

Document

Marine insurance protects ships, cargo, and property involved in maritime activities from losses or damages. It includes various types such as hull, cargo, freight, and liability insurance. This coverage is crucial for managing risks in maritime trade and transportation.

Uploaded by

Murshid Ali Official
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Marine insurance is a type of insurance coverage designed to protect ships, cargo, and other

property involved in maritime activities. It covers losses or damages to ships, cargo, terminals,
and any transport or cargo by which property is transferred, acquired, or held between points of
origin and final destination. There are several types of marine insurance, including:

1. **Hull Insurance**: Covers physical damage to the ship or vessel.


2. **Cargo Insurance**: Covers loss or damage to the goods being transported.
3. **Freight Insurance**: Covers the loss of freight revenue.
4. **Liability Insurance**: Covers legal liabilities arising from ship operations, including
damage to third parties or their property.

Marine insurance is essential for mitigating the risks associated with maritime trade and
transportation.

You might also like