What is Subrogation in Marine Insurance policy?
The sea trade for the import and export of goods is not a new concept. It has been in existence for a long time. However, sea trade comes with its fair share of risks. Hence, to protect ship owners from these risks marine insurance policies come into play.
What is the Fleet Policy in Marine Insurance?
Accidents at sea are highly unpredictable, posing a great deal of risk to transport vessels transiting through them. Since vast amounts of goods and money are involved, a system to ensure their protection is necessary.
Who is a Marine Surveyor?
The marine industry is a multifaceted industry engaged in various activities, such as the transportation of goods and people, recreational cruises, marine energy, and more. Ships are an essential part of the marine industry, and even the slightest mistake in their building and design can result in the loss of life and property.
Collision Liability in Marine Insurance
Imagine your ship is in the ocean, and a sudden disaster strikes. A collision with another vessel or a fixed object leaves both parties battered. The legal finger points to you, leaving you responsible for the other party's damages. This can be financially devastating.
Concealed Damage Clause
Marine ways have been used for centuries to export and import goods. Throughout these times, incidents of ship collisions, cargo wreckage, and bad weather conditions have hindered the business.
Is Marine Insurance Mandatory?
Ships are one of the oldest and most common forms of transportation. Historically, they were widely used for transportation of commercial goods, travelling, etc. The sea route had different challenges and setbacks.
What is Subrogation in Marine Insurance policy?
The sea trade for the import and export of goods is not a new concept. It has been in existence for a long time. However, sea trade comes with its fair share of risks. Hence, to protect ship owners from these risks marine insurance policies come into play.
What is the Fleet Policy in Marine Insurance?
Accidents at sea are highly unpredictable, posing a great deal of risk to transport vessels transiting through them. Since vast amounts of goods and money are involved, a system to ensure their protection is necessary.
Who is a Marine Surveyor?
The marine industry is a multifaceted industry engaged in various activities, such as the transportation of goods and people, recreational cruises, marine energy, and more. Ships are an essential part of the marine industry, and even the slightest mistake in their building and design can result in the loss of life and property.
Collision Liability in Marine Insurance
Imagine your ship is in the ocean, and a sudden disaster strikes. A collision with another vessel or a fixed object leaves both parties battered. The legal finger points to you, leaving you responsible for the other party's damages. This can be financially devastating.
Concealed Damage Clause
Marine ways have been used for centuries to export and import goods. Throughout these times, incidents of ship collisions, cargo wreckage, and bad weather conditions have hindered the business.
Is Marine Insurance Mandatory?
Ships are one of the oldest and most common forms of transportation. Historically, they were widely used for transportation of commercial goods, travelling, etc. The sea route had different challenges and setbacks.
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