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Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. [1][2] Cargo insurance is the sub-branch of marine insurance, [3] though marine insurance also includes onshore and offshore exposed ...
Generally, involves a working knowledge of the ship's electrical and mechanical systems, and a fundamental understanding of boat design and construction. Moreover, it is customary for marine surveyors to carry errors and omissions insurance, also referred to as professional indemnity insurance, as a form of protection against potential liabilities.
6 knots (11 km/h; 6.9 mph) (cruising) Capacity. 100 passengers. Crew. 3. Indra is the largest solar-powered boat in India. [ 1] It started operations in Kochi waters in the Indian state of Kerala on 22nd December, 2023. The design and construction was done by Navalt at their Kochi headquarters and their Navgathi Panavally Yard.
Seaworthiness is a concept that runs through maritime law in at least four contractual relationships. In a marine insurance voyage policy, the assured warrants that the vessel is seaworthy. A carrier of goods by sea owes a duty to a shipper of cargo that the vessel is seaworthy at the start of the voyage. A shipowner warrants to a charterer ...
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Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
Law of salvage. The law of salvage is a principle of maritime law whereby any person who helps recover another person's ship or cargo in peril at sea is entitled to a reward commensurate with the value of the property saved. Maritime law is inherently international, and although salvage laws vary from one country to another, generally there are ...
The law of carriage of goods by sea is a body of law that governs the rights and duties of shippers, carriers and consignees of marine cargo. [ 1] Primarily concerned with cargo claims, this body of law combines the international commercial law, the law of the sea and admiralty laws . The typical obligations of a carrier by sea to a shipper of ...