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VIT
VARIABLE INJECTION TIMING IS A METHOD IN WHICH THE TIMING OF FUEL INJECTION IS ALTERED FOR BETTER THERMAL AND POWER EFFICIENCY AND LOWER THE SPECIFIC FUEL CONSUMPTION. NOW THE QUESTION […] Continue Reading →
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MARINE INSURANCE:-“PRINCIPLE OF CONTRIBUTION”
The Marine Insurance Act states that Principle Of Contribution is : (1) Where the assured is over-insured by double insurance, each insureris bound, as between himself and the other insurers, […] Continue Reading →
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TYPES OF MARINE INSURANCE
HULL AND MACHINERY INSURANCE THIS COVERS THE SHIP ITSELF, MACHINERY AND EQUIPMENTS. LOSS OF TIME FOLLOWING THE DAMAGE TO THE SHIP IS COVERED UNDER LOSS OF HIRE INSURANCE. FURTHERMORE, THE […] Continue Reading →
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MARINE INSURANCE AND ITS PRINCIPLES
According to the Marine Insurance Act: A contract of marine insurance is an agreement whereby the insurerundertakes to indemnify the assured, in the manner and to the extent thereby agreed, […] Continue Reading →
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CASUALTY INVESTIGATION CODE
THIS CODE AIMS TO PROVIDE A COMMON APPROACH TO THE STATES TO CARRY OUT MARINE CASUALTY INVESTIGATION. ITS PURPOSE IS NOT TO ASCERTAIN BLAME ON ANY INDIVIDUAL BUT TO FIND […] Continue Reading →