Marine Insurance

Marine insurance is essential to overseas trade inland trade and to shipping. It is concerned with

  1. The insurance of goods in transit from one place to another by sea, by inland waterways by rail, road and air
  2. The insurance of ships, that is hull insurance covering loss or damage to the hull and machinery of a vessel and insurance of ship owners various interests and liabilities and
  3. The insurance of freight at the risk of the carrier.

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