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Marine insurance traditionally formed the majority of business underwritten at Lloyd's. Nowadays, Marine insurance is often grouped with Aviation and Transit (cargo) risks, and in this form is known by the acronym 'MAT'. It is common for marine insurance agencies to compete with the offerings provided by local insurers.
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.
Sinokor Merchant Marine South Korea: 122,252 80 0.4% 20 Zhonggu Logistics Corporation China: 120,042 86 0.4% 21 TS Lines Taiwan: 92,655 44 0.3% 22 Antong Holdings (QASC) China: 83,868 84 0.3% 23 Regional Container Lines (RCL) Thailand: 77,153 34 0.3% 24 Global Feeder Shipping LLC United Arab Emirates: 76,616 33 0.3% 25 Ningbo Ocean Shipping Co ...
ACE USA Updates Marine Open Cargo Policy to Consolidate Coverage in a Single Form PHILADELPHIA--(BUSINESS WIRE)-- ACE USA, the U.S.-based retail operations of the ACE Group, today announced the ...
A form of what is now called general average was included in the Lex Rhodia, the Rhodes Maritime Code of c. 800 BC. [4] Julius Paulus quoted from the law around the turn of the 3rd century, and these quotes are preserved, and an excerpt is included in Justinian's 6th-century Digest of Justinian (part of the Corpus Juris Civilis), although the Lex Rhodia is itself now lost.
A nation's shipping fleet (variously called merchant navy, merchant marine, or merchant fleet) consists of the ships operated by civilian crews to transport passengers or cargo from one place to another. Merchant shipping also includes water transport over the river and canal systems connecting inland destinations, large and small.
Cargo ships, responsible for 90 per cent of global trade, run on bunker or marine fuel. It was described as a “witch’s brew” of used motor oil and industrial byproducts in a 2018 report by ...
Cargo and space measurement surveys. Determination of tonnage of cargo loaded on or discharged from ships or barges by immersion computation. Condition of cargo and packaging at point of origin and/or prior to being loaded, including stowage. Witness tank soundings of ships and barges, including the computation of the quantity of liquids in tanks.
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