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Marine Cargo Insurance
(redirected from Ocean Marine Insurance)

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Marine Cargo Insurance
Insurance covering loss or damage to goods in transit.

Marine Cargo Insurance
An insurance policy that protects the buyer of a good being transported over water from the loss of that good. Most of the time either the buyer or the seller is required to purchase marine cargo insurance (or at least to assume the risk of transit); their specific agreement determines which one is responsible. See also: Incoterm.


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The good news is that today's ocean marine insurance is actually easy to navigate.
Ocean marine insurance was designed to cover property in transit on the sea.
Submitting premium finance agreements through our agency management system has made our job easier," said Marie Limoges, of Ocean Marine Insurance Agency, Inc.
 
 
 
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