Cerebral hypoxia is an emergency condition that needs to be treated right away. The sooner the oxygen supply is restored to the brain, the lower the risk of severe brain damage and death. Treatment depends on the cause of the hypoxia. Basic life support is most important.
Function. Marine cargo insurance is used to manage risk associated with shipping goods from place to place. FOB, an acronym for Free on Board, means the seller bears the risk until the title transfers to the buyer, which is usually at the buyer's warehouse or when delivery is complete.
When an insured suffers a loss or damage that is covered in the policy, the insured can collect on the proceeds of the policy by filing a claim, or request for coverage, with the insurance company. The company then decides whether or not to pay the claim.NSURANCE, MARINE, contracts. Marine insurance is a contract whereby one party, for a stipulated premium, undertakes to indemnify the other against certain perils or sea risks, to which his ship, freight, or cargo, or some of them may be exposed, during a certain voyage, or a fixed period of time.