Marine Insurance
Marine insurance is a type of insurance policy that provides coverage for ships, cargo, and other marine-related property against losses or damages caused by various risks such as natural disasters, piracy, collisions, and theft. It also covers liabilities arising from accidents or injuries caused by the insured vessel. Marine insurance policies can be tailored to meet the specific needs of the insured, and can include coverage for hull and machinery, freight, and protection and indemnity (P&I) liability. The marine insurance industry is regulated by international conventions and national laws, and is typically provided by specialized insurance companies or underwriters.
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- Fire Prevention: Fire prevention refers to the measures taken to prevent the outbreak of fire and to reduce its impact in case of an emergency. In the maritime context, fire prevention is of utmost importance due to the high risk of fire on ships and the li ... Read More >>
- Maritime Zone: Maritime Zone refers to the area of sea adjacent to a country's coast, over which the country has special rights and jurisdiction. The extent of the maritime zone is determined by the United Nations Convention on the Law of the Sea (UNCLOS) ... Read More >>
- Bank: In maritime context, a bank refers to a shallow area of the sea or river where the depth of water is considerably less than the surrounding area. Banks can be natural or man-made and can pose a significant navigational hazard to ships, espe ... Read More >>
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