Marine Losses | Types of Marine Losses | Marine Perils | Settlement of Claim Under Marine Insurance скачать в хорошем качестве

Marine Losses | Types of Marine Losses | Marine Perils | Settlement of Claim Under Marine Insurance

MARINE LOSSES MARINE PERILS FIRE WAR PIRATES THIEVES JETTISION BARRATRY Thus the loss caused by ordinary action of winds and waves, ordinary wear and tear, inherent vice of the cargo, cannot be considered as perils of the sea. The damage due to fire and smoke is included in fire perils and similarly the water used for extinguishing the fire may also result in damage of insured goods and therefore, comes under the category of fire peril. Lightning damage is not covered as a loss by fire, but fire caused by lightning is recoverable. JETTISON means voluntarily throwing away the cargo or any part of the vessel in the high seas in order to lighten the ship for the safety of the adventure. BARRATRY is a wrongful act wilfully committed by the master or crew to detriment of the owner. Eg. Setting fire to ship, thefts, fraudulently setting fire to ship, cargo without the knowledge of owner. TYPES OF MARINE LOSSES TOTAL LOSS Actual total loss Constructive total loss PARTIAL LOSS Particular average General average CHARGES Salvage charges Particular charges SETTLEMENT OF CLAIM UNDER MARINE INSURANCE Notice of claim The insurance policy Bill of lading Survey report Assessment of loss Payment of loss Letter of subrogation HELLO DEAR FRIENDS ! Greetings of the day. I am Sahil Roy and I welcome you to my YouTube Channel Aucommerce Scholar. VIDEOS ON INSURANCE    • Insurance & Risk Management   VIDEOS ON MCQ ON INSUARNCE    • MCQ - INSURANCE   VIDEOS ON PAST QUESTIONS ON INSURANCE    • INSURANCE PAST PAPERS   VIDEOS ON MONEY AND BANKING    • Money & Banking   VIDEOS ON INSURANCE    • Insurance & Risk Management   VIDEOS ON RESEARCH METHODOLOGY    • Research Methodology   MANAGEMENT    • MANAGEMENT CLASS XII   MICROECONOMICS    • ECONOMICS FOR UGC NTA NET EXAM   ACCOUNTANCY CLASS XI    • ACCOUNTANCY CLASS XI   NTA NET/JRF    • NTA NET COMMERCE MCQ   MACROECONOMICS    • Economic Class XII   ACCOUNTANCY CLASS XII    • ACCOUNTANCY CLASS XII   #insurance