Marine cargo insurance
This type of insurance covers the losses or damages to the goods during transportation from one place to another through known means of transportation, and these losses are covered according to the insurance policy and the conditions set in it, and marine insurance can be divided into two parts as follows:
: It is these documents that work to insure ships on their sea voyages against risks that they may be exposed to at sea, such as storms, sailors running aground, piracy or explosion, and the insurance company bears all those risks that have been clarified in the terms of the insurance policy.
: In this section, insurance policies are issued for goods that are loaded or transported from one place to another, and the insurance company bears all the risks that the goods may be exposed to within the terms of the insurance policy, such as the inherent knowledge of the goods, its type and its owner.
Marine hazards in general are those dangers that are carried out for marine pieces such as ships during their maritime itineraries, which exposes them and their crew and the goods they carry to a real danger during the maritime transportation process, and for each hazard to be classified by the description of the Marine Hazard, the following must be provided:
1. Those dangers that relate to marine parts such as ships and the damage related to them or the goods on them.
2. Those risks that are carried out during the course of the maritime transport process, and this removes responsibility for those risks that are carried out before or after the transport process.
3. Those dangers that occur while insured persons are not at sea .