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Marine Insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent, thereby agreed, against marine losses or losses incident to marine adventure.
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Marine Cargo Insurance on the other hand covers losses of cargoes being transported either by air, land or sea, subject to the limits, conditions and warranties of the contract.
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The Kinds of Marine Cargo Insurance offered by Standard Insurance Co., Inc. are Ocean Marine Cargo, Inter-Island Marine Cargo and Inland Marine Cargo Insurance.
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Hull Insurance is the insurance being provided on the ship or vessel, including its machinery and equipment.
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