Insurers often do not want to cover part of the loss of ship insurance due to poor ship conditions. Shipowners would rather accept the restricted conditions at a lower premium
Insurers are often reluctant to cover part of the loss of ship insurance because of the poor condition of the ship, and the shipowner prefers to accept the restriction slower premium
Because of the poor condition of the ship, the insurer is often unwilling to cover partial loss of the ship. The owner prefers to accept the limitation at a lower premium<br>