Best Answer: The language used by Shakespeare was a living language used by everyone in his day. It has not been invented by English teachers just to torture students as you may suspect. People of the sixteeth century simply had richer and more complex speech patterns and even normal theatre-goers would have got (nearly) all the jokes.
Cargo insurance â discussed here â is a sub-branch of marine insurance, though Marine also includes Onshore and Offshore exposed property, (container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability.
Property and liability insurance policies allow subrogation because the basis for the payment of claims is indemnification, or reimbursement, of the insured for losses. Conversely, life insurance policies do not allow subrogation. Life insurance does not indemnify an insured for a loss that can be measured in dollars.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.