Marine Insurance
Introduction
Travelling by sea is associated with a large number of risks. But on the other hand, in regard to international trade, travelling by sea tends to be a form of transportation that is quite cost effective and it is also very much cost-efficient. This is because of several reasons that are diverse. As on one hand travelling by sea consumes much time, on the other hand, the analysis that has been undertaken in terms of costs and benefits has shown that travelling by sea is a form of transportation that is most preferred for trade and transportation of goods
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