marine cargo insurance

marine cargo insurance
insurance covering loss or damage to goods in transit. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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Look at other dictionaries:

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  • marine — ma‧rine [məˈriːn] adjective [only before a noun] connected with ships or the sea: • marine cargo • marine insurance • a marine construction company * * * marine UK US /məˈriːn/ adjective [before noun] ► TRANSPORT related to the sea or s …   Financial and business terms

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  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • All Risk Insurance — marine cargo insurance which covers most perils except strikes, riots, civil unrest, capture, war, seizure, civil war, piracy, loss of market, and inherent vice. Bloomberg Financial Dictionary …   Financial and business terms

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