Damage insurance modality by which are guaranteed in general navigational hazards which may affect both the carrier ship and the cargo carried. Among navigational hazards may include: the total loss of the vessel, the contribution to the general average or abandonment due to shipwreck, collision, grounding, fire, storm, jettison, arrivals forced, forced changes in defeat, boiler explosions, breakdowns or machine breakdowns, etc. Depending on the insured object, we can distinguish between:
– Insurance vessel, also called hull insurance by which, in addition to the identified risks, guarantee the liability to third parties arising from the approach, when the insured vessel is found guilty of damage to another vessel.
– Cargo insurance, or of goods transported.
– Freight insurance.
– Possible insurance benefit, defined as profits that the owner of the goods expected of them at the port of destination.