Marine Finance and Insurance Essay Example | Topics and Well Written Essays - 1750 words

Marine Finance and Insurance - Essay Example Some of the calamities that can cause damage include fire, collision, sinking, mutiny, piracy, shipwreck, etc. however, when the marine cargo insurance compensates the owner of the cargo, it excludes the payment of any items of cargo that can be recovered by the carrier or that will be taken care of by the marine insurance. Marine insurance also covers all the expenses that the owner of the cargo uses as a result of the delay that the loss covers. The profit that the owner of the cargo could have gained had the cargo reached him or her in time is also taken care of by the marine insurance. This paper aims at covering the marine insurance markets, the market practices, and the risks insured. Also included is a critical appraisal of a marine insurance that is likely to be required as security for ship financing by a financier. The exact reason why an individual who wishes to transport his or her cargo by ship needs to know about marine insurance is that it will help you protect your cargo form the point of origin to the point of destination. Two ways exist in which a businessman can transport his or her cargo: wet marine also called waterborne cargo or as dry marine also called land transported cargo (Gaebler, 2009). ... An inland marine insurance ensures that if the cargo gets lost in the process of shipment, compensation can always take place regardless of the individual who was in possession of the cargo when it got lost. Inland marine policies fall into two categories and each of them is designed to take care of shipping related losses. These are the filed policies and the non-filed policies (Gaebler, 2009). Filed policies are used to cover the direct loss of physical property and feature insured individuals who have suffered similar losses. For the non-filed policies, the direct loss of cargo is covered but this time round, compensation is allowed on only that property that had a specific cause of loss. The non-filed policies are very customizable and hence any type of property being transported can be covered by these policies. Other kinds of marine policies include the voyage policy that one applies for to cater for a specific trip (Horward, 2006). Compensation can only be made for the insured item if loss or damage took place when the items were being transferred. This policy is most suitable for cargo insurance. A time policy is covers the insured property for a given period of time. The maximum amount of time that most insurance companies are willing to cater for a property is twelve months. This type of policy is best for insuring ships. A floating policy helps individuals who are regular shippers of merchandise and it takes care of goods that are shipped in different shipments within a given period of time. A port policy covers a ship for the period that the ship is in a particular port. The fleet insurance policy helps insure several ships that belong to one owner to be insured under the same policy (John, 2002). Time policy and voyage policy can

Home Visit with Sallie Mae Fisher Essay Example | Topics and Well Written Essays - 500 words

Home Visit with Sallie Mae Fisher - Essay Example This paper will begin with such dialogue: Nurse: Good Morning, Salle Mae, my name is Jayden Kings and I will be your nurse today. From your history, I can see that you have a history of congestive heart failure, hypertension, and arterial fibrillation. What are the difficulties you are experiencing currently? Sallie Mae: Â  Pleasure to meet you, Jayden Kings. My name is Salle Mae. Currently, I am experiencing a decline in function of daily activities. Nurse: Â  The decline in function of daily activities is because of the acute medication condition at your age. It is common for older patients to experience such changes on their functional status after hospitalization. Do you check your weight? Sallie Mae: yes, I check my weight and I have discovered that I have been gaining weight at a very high rate. Nurse: weight gain is an indication that the body is retaining extra fluid, which is common in patients with congestive heart failure. However, you have to be strict with your diet or monitor your diet closely and ensure that you eliminate salt to prevent the body from retaining too much water. Whom do you live with? Sallie Mae: Â  I live alone since I am recently widowed and the death of my husband affects me so much. My daughter Thelma Jean lives in town, but she works full time and has family issues of her own therefore she cannot support me as well. Nurse: I am sorry for your loss Sallie. I now understand your frequent hospitalization for the past six months since you were hospitalized four times.