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marine insurance

In modern days, the international trade is largely depend on ships and the sea is still the most preferred mode to trade related transport.Water transportation causes a lot of worry to the transporters not only because there are natural occurrences which have the potential to harm the cargo and the vessel but also other incidents and attributes which could cause a huge loss in the financial casket of the transporter and the shipping corporation.
Marine insurance is a variant of the general term ‘insurance’ and as the name suggests is provided to ships, boats and most importantly, the cargo that is carried in them( Details).

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