Marine Insurance (English Marine Insurance)

Marine Insurance (English Marine Insurance) - insurance industry, covering the types of insurance, where the project is the proprietary interests related to the sea and river vessels of the fleet [1] [2].Content
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    1 Objects of insurance
    2 Classification of Marine Insurance
        2.1 Forms of Marine Insurance
        2.2 Types of marine insurance
    3 See also
    4 Notes
    5 References
[Edit] Objects of insurance
The objects of marine insurance act [1]:

    Ship as a kind of vehicle that has a certain value.
    The cargo ship that carries.
    Freight - income received by the owner from using it as a vehicle or lease.
    Civil liability of the shipowner or the carrier for any damage that may be caused by third parties, the environment, in the operation of the vessel.
    Offshore Platforms
[Edit] Classification of Marine Insurance[Edit] Forms of Marine Insurance
The form of marine insurance may be [1]:

    Contract. Involves a contract of marine insurance with an insurer, who for a fee (premium) is obligated to indemnify the insured or beneficiary damages caused by an insured event. Contract marine insurance is one of the first types of insurance. The first known marine insurance contract was concluded in 1347 [3]

    Reciprocal. Mutual insurance is available in a mutual insurance clubs. Mutual insurance clubs first arose in England after 1720. Feature of the mutual insurance is that the possible loss of mutual insurance club member shall be reimbursed from the general fund, which is formed by contributions from club members.
[Edit] Types of Marine Insurance
The following types of marine insurance:

    Sea (river) hull - hull insurance and equipment of the vessel. The main risks covered by marine hull insurance include:
        collision between a
        severe weather conditions
        grounding
        fire, explosion, lightning strike
        general average
        other risks.
    Cargo insurance. When cargo insurance are widespread reservations Institute of London Underwriters. These rules, developed by British insurers, used almost all insurance companies in the world, dealing with cargo insurance. The rules require three basic options for insurance [4]:
        All Risks (Against all risks - AR)
        With particular average (With particular average - WPA)
        No liability for particular average (Free from particular average - FPA)
    Insurance freight. Insurance shall be the gross amount of freight, including profit and owner insurance costs.
    Liability insurance of shipowners. Carried out mostly through mutual insurance clubs on the conditions agreed to by those organizations.
[Edit] See also

    Abandonment
    General average
    Cargo insurance
    TOVALOP
    Insurance
[Edit] Notes

    ↑ 1 2 3 Efimov, SL Marine Insurance / / New Collegiate Dictionary. Economics and Insurance - M. Zerich-PEL, 1996. - S. 272-276. - 528. - ISBN 5-87811-016-4.
    ↑ Marine Insurance - the ancestor of the current hull and CTP
    ↑ Insurance (Russian). Online encyclopedia Krugosvet. Retrieved October 6, 2010.
    ↑ Strovsky LE, Kazantsev, SK, Parshin, EA and other insurance and foreign economic activity / / Foreign Trade Enterprise: A Textbook for universities / Ed. LE Strovskogo - 4th ed. - M.: UNITY, 2007. - S. 452-458. - 799 with. - ISBN 5-238-00985-2.
[Edit] References

    Efimov, SL Marine Insurance. Theory and practice. M: Publisher Roskonsult, 2006. 448.