Merchant Shipping Legislation, 2nd Edition – Bharatbook.com

Bharatbook.com announces a new market research report “Merchant Shipping Legislation, 2nd Edition” (http://www.bharatbook.com/detail.asp?id=1402) provides the….. Merchant Shipping Legislation: Providing an extensive analysis of merchant shipping legislation, an invaluable purchase to...

Why Boats Are A Pleasure… But You Still Need Boat Insurance

One of the greatest pleasures that a man can have is owning his own boat. It goes back to the days of adventure on the high seas when a man was absolute monarch of his realm as a captain of his ship. Today there are very few places that the average man can be master and commander of his...

Marine insurance: How to choose navigation territory for your boat

If you need marine insurance, you will soon hear the term “navigation territory.” The concept of the navigation territory is used by insurance underwriters to assign limits to the risk they assume. Consequently, the insured party must operate the insured property, the boat,...

The difference between a bottomry bond and a respondentia bond in ancient ocean marine insurance

A bottomry bond was a note, given by the owner of a vessel to the money lender who financed the voyage, using the ship as collateral. The shipowner repaid the loan plus an interest charge if the voyage was successful. However, the owner was discharged from debt if the vessel was lost. The...

Hovercraft Regulations

Hovercraft Regulations Hovercraft are largely regulated according to the environment they operate in. For example, a hovercraft operating over land is considered an off-road vehicle. Over water, your craft will be considered to be a boat. Most vehicles are required to be insured (whether...