Marine Losses | Types of Marine Losses | Marine Perils | Settlement of Claim Under Marine Insurance
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- Опубліковано 18 вер 2024
- MARINE LOSSES
MARINE PERILS
FIRE
WAR
PIRATES
THIEVES
JETTISION
BARRATRY
Thus the loss caused by ordinary action of winds and waves, ordinary wear and tear, inherent vice of the cargo, cannot be considered as perils of the sea.
The damage due to fire and smoke is included in fire perils and similarly the water used for extinguishing the fire may also result in damage of insured goods and therefore, comes under the category of fire peril.
Lightning damage is not covered as a loss by fire, but fire caused by lightning is recoverable.
JETTISON means voluntarily throwing away the cargo or any part of the vessel in the high seas in order to lighten the ship for the safety of the adventure.
BARRATRY is a wrongful act wilfully committed by the master or crew to detriment of the owner. Eg. Setting fire to ship, thefts, fraudulently setting fire to ship, cargo without the knowledge of owner.
TYPES OF MARINE LOSSES
TOTAL LOSS
Actual total loss
Constructive total loss
PARTIAL LOSS
Particular average
General average
CHARGES
Salvage charges
Particular charges
SETTLEMENT OF CLAIM UNDER MARINE INSURANCE
Notice of claim
The insurance policy
Bill of lading
Survey report
Assessment of loss
Payment of loss
Letter of subrogation
HELLO DEAR FRIENDS !
Greetings of the day.
I am Sahil Roy and I welcome you to my UA-cam Channel Aucommerce Scholar.
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#insurance
It's really underrated Channel. I hope you earn more viewers and reach to many Marine Insurance knowledge seekers.
🙏🏼
Thankyou Sir for providing info in simpler manner. I think you should make group in all Social Media. Your content is good Hope people will like it.
Thank you dear. God bless.
Request you to share with your friends.
Thanks sir only your classes will be helpful at exam time👍👍👍🙏🙏
Thanks sir for your simple explanation
Please make a Google search about Somalia and malaka straits. Your will be surprised to know that there are still pirates in world. Anyway in understanding CTL you make a confusion. The owner of ship/cargo have to inform the insurer about a loss to declare it as a CTL or partial loss as per 1968 act. If the owner decides to go for CTL then the subrogation part comes into play. The assured then have to abandon the subject matter insured.
अपने बहुत अच्छे से बताया।
बहुत खूब
Dhayawaad...
Many Many Thanks
Thankuh soo much sir
Diagrammatic approach...... hatsoff sir....
Ripunjay Misra thank you 😊😊
thanks , great work
Bestest teaching ever sir
❤
Easy and helpful explanation..
👍very beneficial and well explained thank you sir
Thank you sooo much sir 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
🙏🏼
Really helpful..!!
A very nicely briefed by the teacher.one can better understand the subject matter.
It's really great full.
All videos Awesome I learned much
Thank you sir 🤗
All vedios are very helpful..thanku sir
Thanks!!
Thnk u sir helpful video
Nice video
Thankyou so much sir for this explanations
Dedication level.. Sahil sir.. ❤️ ❤️ ❤️
Thank u sir ji
+Anand pratap singh Thanks man 😊😊
Very very helpful nd easy explanation to understand..
Please suggest book for basic marine insurance
Very helpful sir....⭐
Thank you dear 😊
Best Best 🔥👑
I have learnt from your videos but in this videos you haven't explained well like valued and unvalued loss. Even examples are not well explained
high seas ka mutlub tufan jub aaya samundra mein.........cant stop laughing :):):)😆
Nice explanation sir. Bt ur material is not viaible properly kindly take care even inthis regard tq
❤❤❤
Tqqq tqq tqqq ❤❤❤❤❤❤
And share your Social media page in description so that people can reach
Sir plz make your camera more stable. Thank you sir.
Ok i will.. tHank you 😊 i just hope u liked my videos...
@@drsahilroy thanks sir, I like video.
Thank you 😊
What about jerks & jolts peril?
It is there in the playlist...
☺️☺️👌👌👌
Sir pls explain section 8 of marine insurance act 1963
High sea means international water
Thank you for the information
👌
It was so funny
Jhumari tallaya😃
If the owner declares it as partial loss then GA comes into picture, if its deliberately done by the owner to save the ship and cargo and sacrifice part of cargo or damage a machinery. But general average will only be applicable to the sacrifice made not the initial loss. If its doesn't qualify as GA then its a particular loss. GA is only considered for sacrifice which also reasonable. Salvage operation is a full time business requires experts. Please don't generalize everything. Its a difficult subject you are teaching. Thanks.
marine insurance Act 1906......
??
camera kuch jada he hill raha hai thoda consistency rakhiye
Ok..
Sir plz last me conclusion bhi boliye... plz plz plz
Sir I have already share on my FB page
Thank you...
sir aapka camera stable rakhe
Partial loss -total loss mixed kar dea 😂
Sir ap kaha padhte ho
Sue doesn't mean ''saaf safie'', Haha. Disliked.
Yes r right
It means to do anything which can mitigate the loss
Doctor sahab has less knowledge, many explanations are wrong he should do proper homework before making these type of technical videos.
Thank you for your feedback will surely do homework before making videos