Marine Insurance

Tags: Glossary

Insurance that covers loss or damage to ships, cargo, and other marine-related risks.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What is Marine Insurance?

Marine insurance is a type of insurance policy that provides coverage for goods and vessels transported by water. This type of insurance typically covers losses or damage to cargo, ships, and other marine equipment due to events such as weather-related incidents, collisions, and piracy. Marine insurance may also cover liability for third-party injuries or damage caused by the insured vessel. This type of insurance is commonly used by shipping companies, freight carriers, and other businesses involved in the transportation of goods by sea. 

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