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    Role of Banks in Marine Insurance: Submitted To: Shri.N.Chandra Mohan Submitted By: K.Samhitha ROLL NO-FS10-017

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    Samhitha Kandlakunta
    The document discusses the role of banks in marine insurance. It defines key terms like bank, insurance, and marine insurance policy. It explains that banks play an important role in financing vessels and providing various payment methods for international trade such as consignment purchase, cash in advance, and letters of credit. Banks also help finance pre-shipment and post-shipment activities. The conclusion states that marine insurance is a growing market and banks facilitate the link between international trade and marine insurance.

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    Role of Banks in Marine Insurance: Submitted To: Shri.N.Chandra Mohan Submitted By: K.Samhitha ROLL NO-FS10-017

    Uploaded by

    Samhitha Kandlakunta
    99 views8 pages
    The document discusses the role of banks in marine insurance. It defines key terms like bank, insurance, and marine insurance policy. It explains that banks play an important role in financing vessels and providing various payment methods for international trade such as consignment purchase, cash in advance, and letters of credit. Banks also help finance pre-shipment and post-shipment activities. The conclusion states that marine insurance is a growing market and banks facilitate the link between international trade and marine insurance.

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    Role of banks in Marine Insurance

    Original Title

    Marine Presentation

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    The document discusses the role of banks in marine insurance. It defines key terms like bank, insurance, and marine insurance policy. It explains that banks play an important role in financing vessels and providing various payment methods for international trade such as consignment purchase, cash in advance, and letters of credit. Banks also help finance pre-shipment and post-shipment activities. The conclusion states that marine insurance is a growing market and banks facilitate the link between international trade and marine insurance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    99 views8 pages

    Role of Banks in Marine Insurance: Submitted To: Shri.N.Chandra Mohan Submitted By: K.Samhitha ROLL NO-FS10-017

    Uploaded by

    Samhitha Kandlakunta
    The document discusses the role of banks in marine insurance. It defines key terms like bank, insurance, and marine insurance policy. It explains that banks play an important role in financing vessels and providing various payment methods for international trade such as consignment purchase, cash in advance, and letters of credit. Banks also help finance pre-shipment and post-shipment activities. The conclusion states that marine insurance is a growing market and banks facilitate the link between international trade and marine insurance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    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

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