What purpose does Marine Insurance Policy serve? Explain the different types of marine policies, which may be of use to exporters and importers.
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They provide packing material and services for the exporters along with the shipment. Shivalik Ltd. uses Marine Hull and Liability insurance policies to safeguard against any damages to the ship, loss of cargo or employee injuries.
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Answer:
They provide packing material and services for the exporters along with the shipment. Shivalik Ltd. uses Marine Hull and Liability insurance policies to safeguard against any damages to the ship, loss of cargo or employee injuries.
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