SSRana: Marine Insurance Law in India

As maritime transport involves greater degree of risk related to ‘perils of the sea’, it is imperative that parties are adequately secured through insurance contracts. Thus, marine insurance becomes a significant component of international trade and commerce as it helps in mitigating risks associated with financial loss to the ship, goods or other movables in maritime transportation. https://www.ssrana.in/ufaqs/marine-insurance-law-india/