A principle in marine insurance where all parties in a sea venture share losses proportionally, typically resulting from voluntary sacrifices during emergencies to save the whole ship or cargo.
A comprehensive guide to Marine Cargo Insurance, detailing its significance, historical context, types, key events, mathematical models, applications, examples, and more.
An in-depth examination of Cargo Insurance, focusing on its types, exclusions, and applicability for shippers covering cargo exposures by sea on an All Risk/All Peril basis.
An in-depth definition and exploration of Marine Insurance, its types, historical context, and applications in covering goods in transit and vehicles of transportation on waterways, land, and air. See also Marine Insurance, Inland.
Inland Marine Insurance refers to insurance protecting against loss on inland waterways and loss by one to whom property is entrusted for any means of shipment. This coverage ensures that goods transported overland are safeguarded against potential risks and damages.
Explore Trip Cargo Insurance, a specialized policy providing temporary coverage for a single shipment during a specific trip. Learn about its significance, applications, and differences from regular Cargo Insurance.
Dive into the comprehensive meaning, overview, and requirements of Open Cover marine insurance policies, detailing the coverage, applicability, and essential considerations.
An in-depth look at Valued Marine Policy, a type of marine insurance coverage that assigns a specific value to the insured property before loss. Explore its definition, functionality, historical context, examples, and special considerations.
An in-depth look into watercraft insurance, its coverage, benefits, and its working mechanisms, including protection for boats, yachts, and personal watercraft.
A detailed exploration of yacht insurance, encompassing its meaning, how it works, types of coverage, benefits, considerations, and frequently asked questions.
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