Inland Transit v/s Marine Cargo insurance

In the world of insurance, the two most confusing terms are the inland transit insurance and Marine Cargo Insurance. It seems that both are quite similar to each other with many of their provisions overlapping each other. Both provide protection to goods in transit against any damage from man-made or natural disasters, mishandling or damage […]

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Ten Elements of a Marine Insurance Contract

Marine insurance is a contract between an insurance company and insurer whereby the insurer agrees to indemnify the insured in a manner, thereby agreed, against the marine losses. A marine insurance contract has the following elements- 1. Features of a general contract – All the elements of a general insurance contract exist in a marine […]

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Why should you buy Marine Cargo Insurance While Trading Across Nations?

The transportation of goods has various risks as it passes from one nation to another. Marine Cargo Insurance deals with the perils associated with transportation of goods. These assets can be protected using marine cargo insurance while they are in transit from one place to another. There are three primary hazards of shipping through the […]

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