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Maritime Law
Beginning of essay
The value of many shipments depends upon fluctuations in the currency rates,
freight, handling charges, and other expenses. By means of insurance protection
will be provided to goods from any uncontrollable variables. A contract of
Marine Insurance is defined by section 7 of the Marine Insurance Ac ....
Middle of essay
.... insured, assured or the policyholder
and finally the contract is referred as the policy.
In order to avoid these situations marine cargo insurance has different coverage
for different purposes.
http://uniserve.edu.au/law/pub/icl/marincon/MarineInsuranceandCargoCla.html
http://ra.irv.uit.no/trade_law/documents/insurance/mia_1906/art/mia_1906.html#01
General Average Loss
55 Section 72(1) says that a general average loss is any loss or damage
voluntarily incurred for the general safety o.... |
| Number of words: 840 |
Approximate pages: 4 |
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