marine insurance

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marine insurance:

see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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References in periodicals archive ?
The Wilburn Boat ruling has been characterized generally as holding that in the absence of federal maritime law or a determination that in the interests of national uniformity a federal maritime rule needs to be formulated, state law will apply to the interpretation of maritime insurance policies.
New information, albeit of a more detailed nature, is provided by the essays that discuss a specific subject or period in a comparative perspective, such as those on maritime insurance by A.
Under the new name, Maritime Insurance International creates an integrated service with access to insurance products and services in the boating and the marine industry, both personal and commercial, around the world.
He started Maritime Insurance in 2007 which became one of the largest marine specific insurance agencies in the Southeast.
A marine insurer sued its insured seeking a declaration that a maritime insurance policy for the insured's floating drydock was void.
Industries that are immediately affected by the suspension of sanctions include: Petrochemicals, Automotive, Banking and Finance, Civil Aviation, Gold and Precious Metals, and Crude oil - trading, transportation and maritime insurance.
would fragment both maritime insurance and commerce and allow the
The article concludes that compensation is best left to private insurance due to the flaws of international regimes of liability and the capacity of maritime insurance clubs to competently compensate claims.
Article 141 of the UAE Commercial Transactions Law (Federal Law 18 of 1993) states: 'A CIF sale is one concluded against a lump sum price covering the price of the item sold, the maritime insurance charges and freight by vessel to the port of destination.
A second marine school cadet team came fourth three minutes later, with North East P&I Club, a team from the maritime insurance company North P&I based at the Quayside in Newcastle, finishing fifth.
The piracy is part of a growing trend of attacks that are pushing up maritime insurance costs in the Gulf of Guinea.
Attas said that this was an important factor for maritime insurance cover.

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