Differences between General Average Loss and Particular Average Loss
1. Types of Loss General Average Loss is an extraordinary loss incurred to preserve the…
What are Particular average Loss?
Particular average loss are partial and unforeseen loss accidentally incurred by sea perils. When goods…
What is Hull and Machinery Insurance?
Just as the comprehensive coverage in auto insurance protects the insured individuals against physical damage…
Types of Marine Insurance policies:
Floating PolicyVoyage PolicyTime PolicyMixed PolicyNamed PolicyPort Risk PolicyFleet PolicySingle Vessel PolicyBlanket Policy Floating policy Large…
Types of Marine Insurance:
Freight InsuranceLiability InsuranceHull InsuranceMarine Cargo Insurance Freight Insurance In freight insurance, if the goods are…
How Marine Insurance works?
Marine insurance transfers the liability of the goods from the parties and intermediaries involved to…
What is Marine Insurance?
A simple definition of the word insurance would be “Protection against future loss.” Marine insurance…
Maritime Labour Convention
Maritime Labour Convention (MLC), according to the ILO or International Labour Organisation, provides a broad…
The ILO
The International Labour Organisation (ILO) is the UN agency that sets internationally recognised labour standards…
Cargo Surveys
IMS offers a full range of commercial survey, inspection, sampling and testing services with supporting…