Marine or Maritime Insurance is the oldest form of insurance. It is a variant of insurance for which the subjects are boats or ships, and particularly the cargos the ships carry. Although most countries of the world have their own laws relating to insurance, an online article entitled Marine Insurance Facts (anon, n.d.) published by United Marine Insurance of Australia notes that in most cases insurance of commercially-operated ships comes under the jurisdiction of “Admiralty Law”, described in a Guide to Admiralty Law (anon, n.d.) published on the HG.org website.
Marine Adventure
In marine insurance terminology, the term “marine adventure”, as defined by ...
