In International Business when goods are transported from one place to another by any mode of transport, e.g. Sea; Air; Land or Couriers and Postal System, the goods are susceptible to loss or damage, non-delivery due to various hazards of marine or a transportation adventure.
The carrying vessels assume a very limited or a nil liability when loss or damages of goods occur and enjoy a substantial level of immunity.
Thus, it becomes necessary for every export/import cargo to be sufficiently covered by marine insurance policy for all possible losses due to hazards of a voyage.
It is therefore imperative to have a thorough knowledge of marine cargo insurance; types; coverage; risk covered; the standard clauses and the claim process.
This book very clearly explains details on marine cargo insurance and will be found very useful as a resource material to everyone dealing in Marine Cargo Transportation.