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MARINE INSURANCE

Introduction of the subject:  Importance of Marine insurance in commerce; Marine insurance plays a very important role in the field of overseas commerce and internal trade of a country. It is closely linked with Banking and Shipping. Banks generally finance the goods which are transported by ships or by other means of transport in the case of internal trade and Marine Insurance protects such goods against loss or damage. Without such protection the entire trade structure is bound to suffer.  Marine Insurance can be divided broadly into two groups   o Cargo Insurance     o Hull Insurance  As stated earlier, Marine Insurance is closely linked up with the trade of a country internal as well as international. A sale contract which is an essential feature in the trade involves a seller and a buyer, apart from the other parties like the carrier, the bank, and the clearing agent. Whether the insurance of the goods in transits is to be the respon...
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UNDERSTAND TRANSPORT GEOGRAPHY SYSTEM

Is a sub-discipline of geography concerned about the mobility of people, freight and information. It seeks to understand the spatial organization of mobility by considering its attributes and constraints as they relate of the   origin, destination, extent, nature and purpose of movements. Transport geography can be understood from a series of core principles: - Transportation is the spatial linking of a  derived demand . - Distance  is a  relative concept  involving space, time and effort. - Space  is at the same time the generator, support and a constraint for mobility. - The relation between space and time can  converge  or diverge. - A location can be a central, where it generates and attract traffic, or an intermediate element where traffic transits through. - To overcome geography, transportation must consume space. - Transportation seeks  massification  but is con...
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13 THINGS SAILORS MUST KEEP IN MIND ABOUT THEIR SEA JOB CONTRACT.

Working at sea can be a dream turned into reality for any person who has harbored even slight love for the sea. However, at end of the day, it is a job that you need to be careful about. It is important that a sailor reviews his contract carefully before signing it, for maximum safety against unprecedented events. Here is a list of things that a sailor must look for in his/her sea contract. 1. Written contract – Get your Own Copy A written contract is more than necessary before you join a sea job. Verbal agreement or vocal mutual consent can be risky, even if working with acquaintances. Always make sure you own your personal copy of a written contract for all future references. 2.  Know what you are signing in for Work at sea can be just as exhausting as it can be thrilling. So it is important you go through your sea contract thoroughly before signing it. Your signature is your consent for everything mentioned in the contract and waives your right for any revertin...
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