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ROLE OF BANKS IN MARINE INSURANCE

SUBMITTED TO:
SHRI.N.CHANDRA MOHAN

SUBMITTED BY:
K.SAMHITHA ROLL NO- FS10-017

DEFINITIONS
Bank
Insurance Marine Insurance

Marine Insurance Policy

BANK
Functions:

- main & -ancillary Types: - Commercial -Pvt. - Co-operative -RRBs - Urban/rural etc.

-Investment -Central

ROLE OF BANKS IN INTERNATIONAL TRADE


Finance:

-Pre-shipment -Post-shipment Document Transfer Payments Specific Organizations: - EXIM Bank - ECGC

ROLE IN MARINE INSURANCE


Financing Vessels Payment methods:
-consignment purchase -cash-in-advance -down payment -open account -documentary collections -documentary credit or L/C

LETTER OF CREDIT
Definition Parties Types Regulatory Requirements

Process
Marine insurance clauses

Exchange control regulations Marine Insurance Exports Imports

CONCLUSION
Growing market for Marine Insurance

Banking-International trade-Marine Insurance


Role of regulator Bancassurance Scope for improvement