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.
Under such conditions, the ocean marine policy permits the insured to abandon the damaged ship or cargo to the insurer and make a claim for the entire value. The insured may claim for a partial loss or abandon the property to the insurance company and claim a total loss. If you abandon insured property that has suffered partial loss or damage, you give it to the insurers so that a claim for a total loss may be made.