Marine insurance
It is a contract under which an agreement is made between the insurance company and the owner of the goods to insure his goods shipped (transported) whether by sea, land or air, from one region to another, and the insurance starts from the time of shipment of the goods and ends with the arrival of the goods to the agreed place.
Cargo insurance
Any goods loaded on any type of sea, air or land transport are insured), for the purpose of transporting them from one place to another as agreed under a cargo insurance contract, provided that the owner of the goods is known and the type of goods as well .there are a variety of cargo insurance policies, including an annual Open insurance policy and one trip policy, as the open policy gives the insured automatic continuous protection for all incoming or outgoing shipments as agreed. the other policy ends with the arrival of the goods to the final place.
The main dangers
Maritime risk is that risk that arises from transportation, whether by sea, air or land, and these risks are covered according to the terms and types of insurance for each risk
* Where the Marine Hazard covers four types of coverages
Marine cargo insurance (a), marine cargo insurance (B), marine insurance (C), total loss.
* Where the air Hazard covers two types of coverages
Marine cargo insurance (a), marine cargo insurance (C)
* Where the road hazard covers all hazards on the road (LTA) or the dangers of road accidents only (L.T Only).