Marine cargo insurance

Insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess of those which can be legally recovered from the carrier that are sustained from fire, shipwreck, piracy and various other cases. The most know marine cargo insurance conditions are published by London Institute of Underwriters (Clause “A”, B”, and “C”). See all risk; Institute Cargo Clauses.

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