Marine insurance definition

Marine insurance means each insurance against loss or destruction of or damage to aircraft, vessels, or watercraft and their cargoes; insurance covering the risks or perils of navigation, transit, or transportation of all forms of property, including the liability of a carrier for hire for the loss of property of shippers delivered for transporting; marine builder's risks; bridges, tunnels, piers, wharves, docks and slips, dry docks, marine railways, and other aids to navigation and transportation, precious stones, precious metals, and jewelry, whether in the course of transportation or otherwise; coverage of personal property by all risk forms known as the "Personal Property Floater"; and coverage of mobile machinery and equipment.

Marine insurance means insurance against,

Marine insurance means each insurance against loss or destruction of or damage to aircraft, vessels, or watercraft and their cargoes; insurance covering the risks or perils of navigation, transit, or transportation of all forms of property, including the liability of a carrier for hire for the loss of property of shippers delivered for transporting; marine builder’s risks; bridges, tunnels, piers, wharves, docks and slips, dry docks, marine railways, and other aids to navigation and transportation, precious stones, precious metals, and

Examples of Marine insurance in a sentence

• Insurance Requirements :Indigenous Bidders : Transit risk insurance fromF.O.T. despatch point onwards shall be arranged and borne by GAIL.Foreign Bidders : Marine insurance as well astransit insurance in Purchaser’s country shall be arranged and borne by GAIL.The SELLER shall ensure that in effecting despatch of materials, the primary responsibility of the carriers for safe movement is always retained so that the PURCHASER’s interests are fully safeguarded and are in no way jeopardised.

• Marine insurance is designed to cover cargo movements from one location to another by air or sea, usually via commercial shipping or similar conveyances.

• The FOB Price of the equipment, Marine freight and Marine insurance charges will be added together to work out at CIF Price of the equipment.

• Marine insurance is a non-renewable contract usually covering 1 month or less.

• Inland Marine Waiver of Subrogation: Any Inland Marine insurance policies maintained by the CONTRACTOR in performance of the Agreement shall be endorsed to state that the insurer shall waive all rights of subrogation against the COUNTY.

More Definitions of Marine insurance

Marine insurance means insurance against any kind of loss or damage to:

Marine insurance means insurance upon ocean and inland risks and transportation but not including any other casualty insurance as may be provided in the division.

Marine insurance means any insurance (except reassurance) made on any vessel or on the machinery, tackle or furniture of any vessel or on any goods, merchandise or property of any description whatsoever on board any vessel or on the freight of or any other interest

Marine insurance means marine insurance as defined in section 3 of the Marine Insurance Act 1908:

Marine insurance means any and all policies of contracts of insurance or indemnification cover as the Bank may reasonably require from time to time (including, but not limited to, hull and machinery, protection and indemnity and war risks) pertaining to any one or more of the Vessels.

Marine insurance means a contract whereby the· insurer undertakes to indemnify the insured, in manner and to the extent thereby agreed, against marine losses, that is to say, the losses incident to marine adventure;

Marine insurance means marine insurance as defined