What is jettison in marine insurance? Definition. Jettison — the intentional throwing overboard of part of the cargo or some […]
Tag: marine
What does general average mean as used in ocean marine insurance?
What does general average mean as used in ocean marine insurance? General average is a global maritime industry loss mitigation […]
When must insurable interest exist in marine insurance?
When must insurable interest exist in marine insurance? Marine: Insurable interest must exist at the time of claim although it […]
What is FOB marine insurance?
What is FOB marine insurance? Free on board or freight on board (FOB) comes under marine insurance, which says that […]