Marine Cargo insurance

Marine insurance is of two types, namely Marine Hull insurance and Marine Cargo insurance. While the former deals with the vessels and ships etc., the latter deals in the transit risks of goods or cargo. Therefore various nomenclatures are used for Marine insurance such as Cargo insurance, Transit insurance etc. Many times mode of transit is also used to describe the transit insurance such as Air transit insurance, Air cargo insurance, Air marine insurance, Sea transit insurance of cargo is very common.