Types of Marine Losses

The maritime sector faces several risks due to the unpredictable nature of the seas, human error etc, which can lead to a loss of cargo, property, lives of crew members and environmental losses. The different types of marine losses can be managed by marine insurance policies which help in covering for the particular marine loss. Marine insurance helps to manage the risks by covering cargo, vessels, terminals, and any transportation or storage that is used to ship cargo from the starting point to the final destination.

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