Marine Insurance: Types & Functions
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Marine Insurance: Types & Functions
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What purpose does Marine Insurance Policy serve?... | Filo
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Taking proper marine insurance is essential when exporting goods, especially when following Incoterms. Benefits of marine Insurance 1. Risk Mitigation: Marine insurance helps protect your goods from various risks during transit, such as theft, damage, or loss, giving you peace of mind.2. Cost Savings: In case of any unfortunate incidents during transportation, marine insurance can save you from significant financial losses by covering the insured value of the goods.3. Compliance with Incoterms:
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