Question

what are the various types of cargo insurance contract.explain
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Answer 1

Different types of cargo insurance

1.Coverage: Theft, damage from collision, and other risks.

2.Coverage: Damage from loading/unloading, bad weather, piracy, and other risks.

What's excluded:

3.The named perils policy is also formerly known as the “Free of Particular Average”. ...

4.Legally, general average is defined as:

Answer 2

Answer:

it is the method used in protecting shipment from physical damage or theft