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Marine insurance contract covers the loss or the damage of ships, cargo, terminal and any transport by which the property will transfer, acquired or held between the points of the origin and the final destination. The cargo insurance is the sub-branch of marine insurance, though this also includes the coastal and the offshore exposed property. For example container terminal, ports, oil platforms, pipelines, hull, marine casualty, and marine liability. When goods are transported by mail or by the courier, then shipping insurance is used. Any kind of insurance in marine contract is covered under the Marine Insurance Act, 1963.
These are the following features:
The advantages are as follows:
Specifications are as follows:
The four types as follows:
It covers the following issues:
The facts of this kind of contract are:
The principle you must know:
Following persons are deemed to have the insurable interest:
In case you are looking for any of the queries then visit on Enterslice
Various are the specialist policies including:
The process is as follows:
Are you looking for marine insurances? Then you may contact us at Enterslice
A marine insurance contract is a mechanism that supports to mitigate risks of the financial loss to the property such as ships, goods or the other movable maritime transport on the payment of the premium by the assured to the insurer for an easy insurance quote. The insurer provides the risk that covers the ship owners or the cargo owners against the loss or the damage that the ship or the cargo may suffer. However, the fact is that the different national regimes exist in the conduct of the marine insurance business.
In case you are looking for more information, kindly contact at Enterslice
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