Cargo ships operating in all parts of the world without a fixed route and sailing schedule in search of primarily bulk cargo carried generally in ship loads.
Insurance Encyclopedia
Ocean marine
A US term describing the insurance of seagoing hulls, cargoes and liabilities. This distinguishes those insurances from inland marine and sometimes from inland waterway hull, cargo and liability insurances.
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Insurance coverage for vessels and property in ocean shipping. River marine is the term referring to coverage for inland shipments on water. Motor truck cargo refers to coverage for property transported over highways.
Ocean marine coverage
Insurance covering the transportation of goods and/or merchandise by vessels crossing both foreign and domestic waters including any inland or aviation transit associated with the shipment. This type of marine insurance also encompasses coverage for damage to the vessels involved in shipments and any legal liability arising in the course of shipment.
Ocean Marine Exposure
Exposure to loss while in transit on water (not necessarily an ocean) of property being transported or of the transport vessel.
Ocean Marine Insurance
Coverage on all types of vessels, including liabilities connected with them, and on their cargoes; the cargo coverage has been expanded to protect the owners from warehouse to warehouse inclusive of intermediate transit by rail, truck or otherwise.