InsuranceSocial insurance Claim Shortage Uninsurable risk Fiduciary bond Irrevocable beneficiary
War risk
In the realm of finance, there exists a special coverage that pertains to cargo transported on overseas ships. This coverage protects against the risk of confiscation by a government during times of war. It is important to note that this type of coverage is not included in standard ocean marine insurance and must be purchased separately. Additionally, it is worth mentioning that this coverage typically does not apply to cargo awaiting shipment on a wharf or on ships after 15 days of arrival in port.
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