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.
If a third party caused a loss covered by a policy, the insurance company may have the right to sue the third party in place of the insured. This right is called Subrogation, and it is designed to make the party that is responsible for a loss bear the burden of the loss.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.