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Definition

Marine insurance

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How it's used

Marine insurance is a specific term used primarily in logistics and international trade. It covers risks associated with the transport of goods by sea, such as damage or loss during transit. It is distinct from general cargo insurance which might cover land transport as well.

Examples

Does this batch of goods need marine insurance?
The company has already bought marine insurance for us.

Related words

Common phrases

purchase marine insurance
marine insurance policy

Grammar color guide

Noun
Verb
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Particle
Connector