What Is ‘Jettison’ and How Is It Covered in Marine Insurance?
The maritime business involves significant risk to the cargo and vessel, given the unpredictability of the waters. Hence, most marine businesses opt for marine cargo insurance to minimise losses.Marine insurance operates on various principles and clauses to ensure smooth navigation and fair compensation to all entities involved. Jettison is one such clause in marine insurance that holds significant importance. Since it is a crucial part of the marine insurance contract, let us discuss its meaning and purpose in depth.What is Jettison?Jettison is a clause in marine insurance which allows the ship owner or carrier to throw or jettison the cargo and goods onboard to protect the ship, crew and passengers from imminent dangers.Jettison is a clause that comes into play in exceptional circumstanc...










