Lec.1－2 (2011)renewed.pptVIP

2.3.1 Cargo Insurance Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or property by which cargo is transferred, acquired, or held between the points of origin and final destination. A person may have an financial interest in goods being exported or imported and may be the owner or the person responsible to the owner to effect insurance. Then, it came out the Cargo Insurance Cargo insurance is a sub-branch of marine insurance [though Marine also includes Onshore and Offshore exposed property (container terminals, ports, oil platforms, pipelines); Hul