The Importance of P&I club in shipping
Protection is required for the safe working of seafarers and ships, and indemnity is necessary to compensate for any loss of…
THE ARCHIVES
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← Explore all topics Differences between General Average Loss and Particular Average Loss
1. Types of Loss General Average Loss is an extraordinary loss incurred to preserve the common interest. Particular Average Loss…
What are Particular average Loss?
Particular average loss are partial and unforeseen loss accidentally incurred by sea perils. When goods arrive at its destination, the…
What is Hull and Machinery Insurance?
Just as the comprehensive coverage in auto insurance protects the insured individuals against physical damage to their cars, so does…
Types of Marine Insurance policies:
Floating Policy Voyage Policy Time Policy Mixed Policy Named Policy Port Risk Policy Fleet Policy Single Vessel Policy Blanket Policy…
Types of Marine Insurance:
Freight Insurance Liability Insurance Hull Insurance Marine Cargo Insurance Freight Insurance In freight insurance, if the goods are damaged in…
How Marine Insurance works?
Marine insurance transfers the liability of the goods from the parties and intermediaries involved to the insurance company. The legal…
What is Marine Insurance?
A simple definition of the word insurance would be “Protection against future loss.” Marine insurance is another variant of the…
Maritime Labour Convention
Maritime Labour Convention (MLC), according to the ILO or International Labour Organisation, provides a broad perspective to the seafarer’s rights…
The ILO
The International Labour Organisation (ILO) is the UN agency that sets internationally recognised labour standards to protect the rights of…
Cargo Surveys
IMS offers a full range of commercial survey, inspection, sampling and testing services with supporting Certificates and other relevant documentation,…
Sets of Bill of Lading:
This is an old practice where the bills are signed in the sets of three originals to facilitate the goods…