Insurance Coverage

Insurance coverage in maritime context refers to the protection provided by an insurance policy to the owner of a vessel or cargo against loss or damage caused by various risks such as collision, fire, theft, piracy, and natural disasters. The coverage may include hull and machinery, protection and indemnity, cargo, and liability insurance. Hull and machinery insurance covers physical damage to the vessel and its equipment, while protection and indemnity insurance covers third-party liabilities such as bodily injury, property damage, and pollution. Cargo insurance covers loss or damage to the goods being transported, and liability insurance covers the legal liabilities of the vessel owner or operator. Insurance coverage is essential for maritime businesses to manage risks and protect their assets.
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  • Medical Evacuation: Medical Evacuation, also known as Medevac, is the process of transporting injured or sick personnel from a ship to a medical facility for treatment. In maritime context, medical evacuation is usually carried out by helicopters or rescue boa ... Read More >>
  • Auxiliary Engine: An auxiliary engine is a secondary engine on a ship that is used for various purposes such as generating electricity, powering hydraulic systems, and providing propulsion in case of emergency. These engines are typically smaller and less po ... Read More >>
  • Rivet Spacing: Rivet spacing refers to the distance between two adjacent rivets on a ship's hull or structure. It is an important factor in determining the strength and integrity of the ship's construction. The spacing of rivets is determined by the thick ... Read More >>
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