marine insurance

(redirected from Marine Cargo Insurance)
Also found in: Dictionary, Legal, Financial.

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.
..... Click the link for more information.
.
References in periodicals archive ?
* Cargo Transportation Insurance Market Revenue & Growth Rate by Type [Land Cargo Insurance, Marine Cargo Insurance, Air Cargo Insurance] (Historical & Forecast)
Calculations done by the shippers council found that in order to collect Sh24 billion annually from marine cargo insurance, underwriters have to collect premiums ranging between Sh150-Sh250 million per month.
Founded in 1997, Parcel Pro has become the leading provider worldwide of logistics and risk management services, including the arrangement of marine cargo insurance, in the Company's target markets, serving over 5,000 customers worldwide.
FIRE & MULTI PERILS INSURANCE, HOME INSURANCE, EMPLOYERS LIABILITY INSURANCE, MOTOR INSURANCE, PROFESSIONAL INDEMNITY INSURANCE, PUBLIC LIABILITY INSURANCE, CONTRACTORS ALL RISKS INSURANCE, PRODUCTS & PUBLIC INSURANCE, MARINE CARGO INSURANCE.
Progressive Insurance also offers a variety of flexible policies to accommodate the needs of the individual as well as the corporate sector such as: Fire and Multi Perils Insurance, Home Insurance, Employers Liability Insurance, Motor Insurance, Professional Indemnity Insurance, Public Liability Insurance, Contractors All Risks Insurance, Products & Public Insurance, Marine Cargo Insurance.
One advantage offered to clients by marine cargo insurance Ilias says, is in the valuation of shipments.
Through this new service, Dubai Trade customers will be able to avail themselves of Adnic's marine cargo insurance services and e-cargo solutions.
Ironically, Africa is one of the first places where there was evidence that, as long ago as 1000 BC, the Egyptians and the Phoenicians trading along the North African Coast practised a rudimentary form of mutual marine cargo insurance, where merchants deposited a small proportion of their cargo in a warehouse, and this would then be used to compensate those merchants who lost their cargoes at sea.
The most common London form of marine cargo insurance, institute Cargo Clauses (A), covers "all risks of loss of or damage to the subject matter insured except as provided in Clauses 4, 5, 6 and 7." Clause 6.2 excludes coverage for "capture, seizure, arrest, restraint or detainment," but expressly excepts piracy from this exclusion.
We are also able to provide customers with Shariah-compliant marine cargo insurance through SABB Takaful," he added.
Services provided include ocean freight, customs brokerage, marine cargo insurance, and consolidation.
Due to its ability to enable system to system data exchange to improve accuracy, iCMS will also receive information from sea and air manifests, exemptions, and permits from partner government agencies, security bonds, bank guarantees, and marine cargo insurance among others.

Full browser ?