Protection & Indemnity Insurance vs. Marine Transit Insurance: What’s the Difference?
Being insured can separate business owners from disastrous results in the fields of shipping, logistics and international trade. Marine insurance covers a lot, but P&I insurance and Marine Transit Insurance are some of the most misinterpreted policies. Although they look alike, these policies are meant for different reasons. Making the distinction between types of shipping is important for shipowners, cargo handlers, freight forwarders and logistics companies.
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