Marine Insurance in International Trade

Ocean shipping is the predominant form of transport for large cargo

They only cover losses due to enumerated perils

Damage due to seaworthiness of vessel

<p>Additional coverage for risks such as water damage or contamination</p> Signup and view all the answers

<p>The level of coverage provided</p> Signup and view all the answers

<p>Because it is a more established and traditional branch of insurance</p> Signup and view all the answers

<p>It provides broader coverage than a perils-only policy</p> Signup and view all the answers

<p>A voluntary sacrifice of part of the cargo to save the rest</p> Signup and view all the answers

<p>On the cargo owner to prove the loss was due to an enumerated peril</p> Signup and view all the answers

<p>Because marine insurance is a more established and traditional branch of insurance</p> Signup and view all the answers