Maritime Insurance
Maritime insurance is a type of insurance that provides coverage for ships, cargo, and other maritime-related risks. It covers losses or damages that may occur during the transportation of goods by sea, as well as liabilities that may arise from accidents or other incidents involving ships. Maritime insurance can be divided into several categories, including hull insurance, cargo insurance, and liability insurance. Hull insurance covers damage to the ship itself, while cargo insurance covers damage to the goods being transported. Liability insurance covers the shipowner's liability for damage to third parties, such as other ships or ports. Maritime insurance is essential for protecting the interests of shipowners, cargo owners, and other parties involved in maritime trade.
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