Marine insurance

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.[1][2] Cargo insurance is the sub-branch of marine insurance,[3] though marine insurance also includes onshore and offshore exposed property, (container terminals, ports, oil platforms, pipelines), hull, marine casualty, and marine losses. When goods are transported by mail or courier or related post, shipping insurance is used instead.

  1. ^ "MARINE INSURANCE Definition & Legal Meaning". Black's Law Dictionary (2nd ed.). Retrieved January 24, 2023.
  2. ^ "INSURANCE MARINE Definition & Legal Meaning". Black's Law Dictionary (2nd ed.). Retrieved January 24, 2023.
  3. ^ "CARGO INSURANCE Definition & Legal Meaning". Black's Law Dictionary (2nd ed.). Retrieved January 24, 2023.

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