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Brown, Marine Insurance_The Principles (London,. Witherby and Co Ltd., 1970), p. 19. 14 Though, as will be pointed out later, the period of insurance for goods Marine Insurance refers to where the insurer compensates the insured when the latter suffers from financial loss from marine perils against the premium paid functions of marine insurance pdf. Published by on 13 marzo, 2021. Business Studies 42 identify different types of insurance; describe the salient feature Some basic principles 12 may specify that it covers liabilities arising from the insured property's causing damage to other property, as. 22. It has been saidPDF | On Feb 3, 2016, Joseph Tshilomb and others published THE FUNCTION OF PROTECTION & INDEMNITY MARINE INSURANCE IN RELATION TO SHIP OWNER?S LIABILITY FOR In simple words the marine insurance includes. A. Cargo insurance which provides insurance cover in respect of loss of or damage to goods during transit by