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Marine Cargo & Hull Insurance


Year: 2018
Language: English
Author: PGDM
Format: PDF
Quality: eBook
Pages count: 120
Description: Marine cargo and hull insurance has its origins in ancient practices from Babylonians and Romans. Modern marine insurance law originated from Lex Mercatoria and specialized courts were established in England in 1601. Edward Lloyd opened Lloyd's Coffee House in London in late 1680s, which became the first marine insurance market. The growth of the London market led to standardization of marine insurance policies and clauses. Marine insurance helps enable international trade by providing protection against risks of financial loss during transport of cargo by sea.
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Contents

Introduction-Introduction
Modern Marine Insurance
Definition of Marine Insurance
Application of Fundamental Principles to Marine Insurance
What is an Insurance Policy
Type of Marine Cargo Insurance Policy
Incoterms 2000

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531660355-Marine.pdf

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