But parametric insurance principles are also applied to Agricultural crop insurance and other normal risks not of the nature of disaster, if the outcome of the risk is correlated to a parameter or an index of parameters.
Whether operating as an inner or outer tugboat captain, the job holds tremendous responsibility, including ensuring the safety of all on-board personnel, maintaining and repairing a vesselâs mechanical systems, navigating tight courses in inclement weather, and meeting strict landing schedules.
Ship captains are usually knowledgeable about their ship and ocean navigation, but they do not have the local knowledge, and the ship-handling training and experience for restricted waters, narrow channels, shallow waters, and in most cases, docking and undocking maneuvers, that pilots possess. Even ship captains who call regularly at the same port, never come close to matching the level of experience and local knowledge of the local pilots serving the port. Harobor Pilots protect, to the fullest extent possible, the waters, harbors, and ports of the State, the environment, life, and property, with safety as the primary objective.