Transcription of MARINE INSURANCE
{{id}} {{{paragraph}}}
Example: air traffic controller
MARINE INSURANCE
DIPLOMA IN INSURANCE SERVICESMODULE - 4 NotesMarine InsurancePractice of General INSURANCE INTRODUCTIONThis is the oldest branch of INSURANCE and is closely linked tothe practice of Bottomry which has been referred to in theancient records of Babylonians and the code of Hammurabiway back in Manufacturers of goods advanced theirmaterial to traders who gave them receipts for the materialsand a rate of interest was agreed upon. If the trader was robbedduring the journey, he would be freed from the debt but if hecame back, he would pay both the value of the materials andthe first known MARINE INSURANCE agreement was executed inGenoa on 13/10/1347 and MARINE INSURANCE was legallyregulated in 1369 OBJECTIVESzKnow the meaning of MARINE insurancezBuy the MARINE insurancezSettle the claim under MARINE InsurancezKnow the inland transit/overseas what is not covered under MARINE insurance2 MARINE INSURANCE MODULE - 4 Practice of General InsuranceNotes 19 MARINE InsuranceDIPLOMA IN INSURANCE MEANING OF MARINE INSURANCEA contract of MARINE INSURANCE is an agreement whereby theinsurer undertakes to indemnify the insured, in the mannerand to the extent thereby agreed, against transit losses.
The first known Marine Insurance agreement was executed in Genoa on 13/10/1347 and marine Insurance was legally regulated in 1369 there. Marine Insurance Cargo Hull ... Name of the shipper or consignor (the insured). b) Full description of goods to be insured: The nature of the commodity to be insured is important for rating
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: