Maritime Insurance

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Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property, (container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier or related post, shipping insurance is used instead.

The Marine Insurance Act includes, as a schedule, a standard policy (known as the "SG form"), which parties were at liberty to use if they wished. Because each term in the policy had been tested through at least two centuries of judicial precedent, the policy was extremely thorough. However, it was also expressed in rather archaic terms. In 1991, the London market produced a new standard policy _____ _____________ ________ _____ _____________ ___ _______ ____________ _______ ____________ ____________ _________ ____.
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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : Bachelor of Arts (Honours)
Course Code : BA
Subject Name : Rise of the Modern West –I
Subject Code : BHIC 106
Year : 2022 2023