Marine Insurance Essay Example | Topics and Well Written Essays - 1500 words - 1

Marine Insurance - Essay Example The varied factors of floating policy along with marine open cover policy have been discussed with its conditions and aspects along with their roles in marine insurance. The discussion has provided an understanding that the marine insurance policy can be an extremely valuable component for the manufacturing organization in order to mitigate the risks of damage and loss during transaction of materials through the seas. Marine insurance is considered as a contract of insurance policies that cover up the losses or the damages for a person or a business entity that occurred during the transportation of the cargos or ships through the seas. Moreover, the marine insurance is a contract wherewith the insurer takes on to underwrite the assured with regard to various types of marine losses during acquired or transferred cargos or goods. The Marine Insurance Act 1906 (MIA), conveys certain consistency and uniformity that assures to be accomplished with the appropriate underwriting policies of the losses during the transportation of cargos or ships (Sitigorn n.d.). The â€Å"Floating Policy† is one of the major components that had been formulated under the MIA section 21. The floating policy possesses effective assurance of the goods and insured risks during the deliverance of the transported goods or cargos. The floating policy has been initiated comparatively at a large amount by the regular goods of the suppliers. The policy covers several shipments that are stated subsequently with other details. The floating policy is highly favorable for the exporters to avoid problems of issuing out another policy during every shipment (Insurance 2Day 2012). The floating policy within the MIA 1906 Act 29 depicts the insurance facilities in general terms. The policy makes use of the ship(s) name along with other particulars classified through succeeding statement in order to transport the cargos through the seas. The declaration may be formulated with

Human Trafficking Research Paper Example | Topics and Well Written Essays - 2000 words - 1

Human Trafficking - Research Paper Example Human trafficking is an important issue to discuss since most governments have not been serious with the vice. There are many arguments that have been put forward to attempt to explain how human trafficking started. There are some sources that claim that slave trade started when Africans were being captured by slave traders and would be shipped across Atlantic Ocean to America. Some consider the forced labor of children in 1700s was the true commencement of human trafficking. There was also white slavery that some individuals consider it to be the first legally recognized form of human trafficking. Complexities of the phenomenon, as well as opposing views about prostitution, have resulted in many controversial debates on human trafficking. The origin of human trafficking debates started towards the end of the nineteenth century during that time â€Å"white slavery† resulted in public outrage and was a key priority for international organizations. â€Å"White slavery† is the abduction as well as transportation of white women for purposes of prostitution (Masika 22, and Pliley 18 1). White slaves were women and girls who were unsuspectingly ensnared into prostitution through being seduced or raped when drunk or drugged, whence they were â€Å"enslaved† in whore houses. This problem was addressed through the formulation of regulations that stopped human trafficking. Human trafficking is a concern that plagues our society. Human trafficking is a great threat to state security and source of insecurity to the vulnerable and affected communities and individuals (Beeks and Amir xv, and Quayson and Arhin 5). For states, human trafficking is a key challenge to their legitimacy, authority, as well as control over sovereign territory as well as state borders. Human trafficking thrives profligately on corruption since human traffickers use links with state officials,