Marine cargo insurance

What
is 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:
First, general marine insurance: 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.
Second, cargo and transportation insurance: 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
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 .