Warehouse & Logistics Encyclopedia
Your comprehensive guide to warehouse, logistics, and supply chain terminology. Explore over 100+ industry terms with detailed explanations and practical insights.
Marine Insurance
Insurance that covers loss or damage to goods during maritime transport.
Definition
Marine insurance protects cargo owners and shippers against financial losses from accidents, theft, or natural disasters at sea.
Overview
Marine insurance is essential for international shipping, providing financial security against risks during ocean transport.
Role
Insurance that covers loss or damage to goods during maritime transport.
Focus
Marine insurance is essential for international shipping, providing financial security against risks during ocean transport.
Example
A company shipping electronics overseas purchases marine insurance to cover potential damage during transit.
FAQs
Q: Can you give an example of Marine Insurance?
A: A company shipping electronics overseas purchases marine insurance to cover potential damage during transit.