What is marine insurance?

Marine insurance mainly refers to marine cargo transportation insurance, which is divided into basic insurance, additional insurance and special additional insurance.

Basic insurance: It is divided into FPA, WPA (WA or WPA) and All Risks.

Additional risks: there are three types: TPND, fresh water rain, shortage of quantity, mixed pollution, leakage, collision and damage, and peculiar smell.

There are eleven kinds of risks, namely, high temperature and humidity, hook damage, packaging damage and rust damage.

Special additional risks: non-delivery risk, import tariff risk and aflatoxin risk; The fire liability of export goods is extended to warehouses in Hong Kong or Macao.

Terms; It also includes war insurance and strike insurance.