Current Affairs · Maritime & Shipping Sector
The domestic Bharat Maritime Insurance (BMI) Pool was recently established with the core rationale of maintaining trade sovereignty and safeguarding Indian shipping from volatile maritime corridors. Which one of the following combinations correctly reflects the specific geopolitical scenario this initiative aims to mitigate and an additional major maritime risk it covers alongside Hull, Machinery, Cargo, and War Risk?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ensuring that the blockade of volatile maritime corridors does not disrupt Indian supply chains and Third-Party Collision Risk
- 2Ensuring that European authorities do not impose exorbitant premium taxes on Indian cargo and Freight Demurrage Liability
- 3Ensuring that regional conflicts do not lead to the targeted cancellation of Indian vessel registrations and Route Deviation Liability
- 4Ensuring that sanctions on other nations do not result in the withdrawal of insurance for Indian trade and Protection & Indemnity (P&I)✓
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Ensuring that sanctions on other nations do not result in the withdrawal of insurance for Indian trade and Protection & Indemnity (P&I)
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