What is the naval subscriber doing?
Marine subscriber is a professional who provides insurance coverage for ships and ships. Workers in this work help the owners choose the right type and amount of insurance coverage of maritime to protect assets from loss. Major subscribers must often provide proper coverage not only for a vessel but also for the cargo that is transported by the sea.
Marine coverage or "subscription" is the oldest form of insurance in history. The task of the shipper dates back to the at least 13th century, when transport operations in Europe created insurance contracts for the protection of valuable goods. At present, the subscription process is regulated and standardized according to the law in most major countries. Modern sea subscription is often associated with air and land insurance and is often offered as a combined package "Marine, Aviation and Transit" (MAT).
Before the maritime subscriber can be insured, it must assess the likelihood of risk. Subscribers use a combination of statistics and inechoes to determine the chance that a particular ship will be damaged or lost. For example, a maritime expert can check the cargo ship to check the right marine authorization and safety equipment. Subscribers are also considering statistics such as the financial health of the boat society and the history of past events.
Insurance experts must be known about maritime laws and conditions in many different countries that can directly affect insurance costs. Some maritime routes occupy cargo ships into dangerous areas that are open to modern piracy or may have harsh weather conditions. When assessing the proposed insurance plan, sea subscribers must take into account many different factors.
As soon as the naval subscriber estimates a potential risk for the ship, an insurance contract is created. In general, a policy for a low -risk transport company is cheaper than comparable PProvision that covers a high -risk operation. The subscriber may decide to increase the insurance rate for a risky enterprise or completely reject the coverage if the risks are too large.
After the insurance has been issued, the subscriber's work will not stop. Insurers must continue to monitor the record of the performance of the transport company to adjust the insurance rate according to the actual events. Just as a bad procedure record often causes individual insurance rates to rise, a maritime freight company that repeatedly loses or damages goods can be forced to pay a modified bonus.
When insurance is lost, such as the fire of the vessel or the theft of cargo, the insurance company cooperates with the investigators to determine who is to blame. If a random loss is covered by the fuse, the insurance company will provide a payment. The maritime sailor's description must be carefully analyzed by each incident to ensure that the fraud and the proper insurance of the Paymje are produced.