Posts tagged: exporters
Currency fluctuations creating inadequate marine insured values
9 March 2009
Posted in Blog
Tagged: currency exchange rates, exporters, importers, recession, shipowners
The world economic crisis is playing havoc with currency exchange rates. The implications of significant fluctuations can be serious, particularly for shipowners, importers and exporters because their marine insurance may no longer cover them for the full amount in the case of loss or damage. A recent Australian marine insurance claim involved the total loss [...]
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