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______ is an agreement whereby the insurer agreed to indemnity the insured against marine losses.

  • Marine Insurance is an agreement whereby the insurer agreed to indemnity the insured against marine losses.
  • Marine insurance is a type of insurance policy that provides coverage against losses related to the shipment or transportation of goods by sea, including losses due to damage or loss of cargo, damage to the vessel, and liability to third parties.
  • The purpose of marine insurance is to provide financial protection to the policyholder against the risks associated with shipping and transportation of goods by sea.