What is the difference between Marine hull and marine cargo policies?
Answer added by: Waqayan Al Waqayan Sharia Controller 2 years ago
Marine Cargo Insurance : covers loss of or damage to the goods carried in a vessel or aircraft, whether on domestic or international journeys
Marine Hull Insurance : covers loss of or damage to a vessel or aircraft or its machinery or equipment
Answer added by: Usman Tariq Executive Officer 2 years ago
- Marine hull Insurance is basically the insurance of all types of vessels including (Motor tankers, Bulk Carriers, Combe Vessels, Yatchs, Pleasure boats etc), and covers loss to Hull i.e. Structure of Ship and Machinery as well. Regarding Calculations of premium several things are taken in to account i.e. year of Built, Nature of Vessel, Useful life of vessel, Trade routes etc.
- Marine Cargo is basically insurance of Cargo on these vessels, aircrafts, locomotive etc. i.e. movement of cargo from one point to another through above mentioned modes. Premium calculations are based on a number of things, which includes Nature of Cargo, Delivery route, Mode and Delivery method i.e. whether by air, by sea or by road etc.. Many thanks.
Answer added by: Mamoun elbaghir abdalla mhamad Eltayeb agent \producer 2 years ago
The difference is in the interest insured. marine hull cover include hull and machinery of the vessel and the third party liability.In calculations of the premium in respect to the marine hull we consider the age of the vessel.
Marine cargo cover the goods carried in a vessel from the country (place) of origin to the final destination. In the calculations of the premium in respect to the marine cargo we consider the level of cover and distance that cargo travels
Answer added by: Boaz Abraham Associate 1 year ago
Cargo insurance – Cargo insurance covers the interest of shippers, consignees, distributors, and others in goods and merchandise shipped primarily by water or, if in foreign trade, also by air. Most cargo insurance involves foreign trade across oceans, but the cargo may also be transported within a nation or between nations on inland waterways.
Hull and Machinery( H & M) insurance – H & M insurance protects ship-owners and others with an interest in vessels, and the like against the expenses that might be incurred in repairing or replacing such property if it is damaged, destroyed, or lost due to a covered peril. Usually, hull insurance on pleasure craft and tugs and barges, is provided as part of a package policy providing both property and liability coverage.
More Questions Like This
Top Answer: QA. has to do with the pre- determined regulated measures and procedures to be applied on your production process , while QC has to do with the application of those measures while doing your job َ
Top Answer: E)Personnel policies promote fair decision making - Through that streamlined set of rules/policies, employees are guided and educated about the top managements objective and why such decisions are implemented. It also promotes transparency and fairness. It serves as the guide for both employer and employee in handling any human resource related issues which lead to sound decision making.
Top Answer: The later comes up with a practical approach.. The former one with a systematic approach...
Top Answer: In my opinion, there is always an exception case to any company policy. To overcome the burden of any future audit an official memo should be agreed within the management for the exception to meet the client policy. Negotiation to agree on common clauses should be the effort, however understanding that the new mould suits both.
Top Answer: Windows Server2008 and later DCs let you to create multiple policies (Fine grained Password policies). It requires manually creating additional Password Setting Object (PSO) in Active Directory, using tools like ADSIEdit or LDIFE (or any3rd party tool). Before creating PSO you have to keep in mind that, 1> Domain's functional level must be2008 or later. 2> For creating PSO you to login as member of Domain Admin group. The detailed steps for creating Fine Grained Password Policy can be found at, http://blogs.technet.com/b/seanearp/archive/2007/10/06/windows-server-2008-fine-grained-password-policy-walkthrough.aspx
Posted by: Mamoun elbaghir abdalla mhamad Eltayeb
Posted by: Muhammad Alqab
What is the difference between rules, policies and procedure? ...
Abdul Samad Nadeem Malik
New "Insurance Law" Jobs
Specialists from our community,
Ask 88912 specialistsInsurance Specialist