Marine Insurance

                                                                                        Marine Insurance

 Marine Insurance is the insurer and the insured, through consultation, to risk the ship, cargo and other subject matter that may be encountered at sea were agreed, the insured person after paying the agreed premium, the insurer promises once these risks within the agreed time loss occurred and was insured, the insurer will be business activities agreed to give financial
compensation insurer.


 Marine insurance within the scope of property insurance is property damage due to natural disasters and accidents at sea to the people caused by the financial compensation of a legal system. Maritime insurance is a maritime property, such as ships, cargo and relating to benefits, such as rent, transportation, etc., as the object of insurance. Natural disasters or other accidents caused by a loss of sea transport compensation method. Insurance entered into an insurance contract with the insurer, certain fees payable under the contract by insurer Used to underwriting side, after the loss can be compensated insurer.




 There are five kinds of marine insurance. ① ship insurance. Ship insurance targets. When the ship being lost in navigation or other operations, to be compensated. Including ships term insurance, flight insurance, the cost of insurance, ship repairing insurance, ship insurance, suspended insurance. ② shipping insurance. Subject to the shipping insurance. Just press voyage insurance, usually in a total loss of insured condition. After the general average shipowner uncollectible MBG by the insurer. ③ guarantee liability insurance. Mutual security between the ship owner a form of insurance. The main underwriting insurance not cover the liability for loss shipowner in their operations due to accidents caused by costs, fines herein are insurance. ④ marine cargo insurance. In marine cargo insurance targets. FPA mainly held liable for damages caused by natural disasters, accidents caused by the total loss of the insured goods; WPA, except full responsibility responsible FPA, also responsible for some of the losses due to natural disasters caused by the accident; all risks, unexpected loss caused by external causes responsible for all the exclusions set forth in the insurance conditions outside. ⑤ oil development insurance.

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