marine insurance

The insurance of ships or their cargo against specified causes of loss or damage that might be encountered at sea. The definition has widened over the years to include the transit of cargo over land at each end of the voyage and the term 'vessel' now extends to include ships under construction or repair and drilling rigs.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • Marine insurance — Marine Ma*rine , a. [L. marinus, fr. mare the sea: cf. F. marin. See {Mere} a pool.] 1. Of or pertaining to the sea; having to do with the ocean, or with navigation or naval affairs; nautical; as, marine productions or bodies; marine shells; a… …   The Collaborative International Dictionary of English

  • marine insurance — ➔ insurance * * * marine insurance UK US noun [U] ► INSURANCE, TRANSPORT insurance that will pay for the loss of or damage to a ship and the goods it is carrying …   Financial and business terms

  • marine insurance — ma·rine insurance /mə rēn / n: insurance against loss by damage to or destruction of cargo or the means or instruments of its transportation whether on land, sea, or air see also inland marine insurance, ocean marine insurance Merriam Webster’s… …   Law dictionary

  • Marine insurance — Admiralty law History …   Wikipedia

  • marine insurance — 1. See ocean marine insurance. 2. See inland marine insurance. [1795 1805] * * *       contract whereby, for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the risks of marine navigation, another… …   Universalium

  • marine insurance — noun : insurance against loss by damage or destruction of cargo, freight, merchandise, or the means or instruments of transportation and communication whether on land, sea, or air compare inland marine insurance, ocean marine insurance * * * 1.… …   Useful english dictionary

  • marine insurance — insurance on good transported overseas by ships …   English contemporary dictionary

  • marine insurance — A policy or contract of insurance covering the risk of loss to ship, cargo, or freight from a peril or perils of the sea. 29A Am J Rev ed Ins §§ 1308 et seq. A maritime contract or guaranty, on the part of the insurer, that the ship or goods… …   Ballentine's law dictionary

  • marine insurance — /mərin ɪnˈʃɔrəns/ (say muhreen in shawruhns) noun insurance covering loss or damage to maritime property occasioned by any of the numerous perils on and of the sea …   Australian English dictionary

  • marine insurance — /məˌri:n ɪn ʃυərəns/ noun the insurance of ships and their cargoes …   Marketing dictionary in english

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