Perils of the Sea
From Supply Chain Management Encyclopedia
(→Table 1. Summary on Perils of the Sea) |
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Revision as of 16:38, 22 July 2011
Perils of the Sea could be defined as fortuitous accidents or casualties, peculiar to transportation on a navigable water, such as stranding, sinking, collision of the vessel, striking a submerged object or encountering heavy weather or other unusual forces of nature. A shipment by ocean is subject to a large number of risks, most of which are only vaguely familiar to a land-based exporter accustomed to shipping by truck or rail to its domestic customers.Most losses covered by a marine insurance policy come within the comprehensive expression "perils of the sea," which refers to damage caused by heavy weather, strandings, strikings on rocks or on bottom, collision with other vessels, contacts with floating objects, etc. The Table 1. below gives a summary of main and acceptable for an insurancs coverage perils of the sea.
Table 1. Summary on Perils of the Sea
| KIND OF PERILS | DEFINITION/EXPLICATION/JUDGEMENT | COMMENTS |
| FIRE | Fire is a fairly significant peril of shipping by ocean cargo containers. | All dangerous cargo can only legally travel internationally by ocean—and not by air — such cargo is often present on board; fireworks, explosives, compressed gases, ammunition, and chemicals of all sorts are crowded on deck. If these items happen to be poorly stowed, or are damaged in a storm, they can leak and mix with one another, resulting in fires or explosions. |
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