Perils of the Sea

 Marine Insurance policies often refer to “Perils of the Sea”. It can be very confusing as to what exactly this term refers to. Whilst the legal definition of differs from country to country, the term generally includes “accidents and dangers peculiar to maritime activities”, this would usually include:-

    * “Storms, waves, and wind;
    * Collision;
    * Grounding;
    * flooding, sinking and capsizing;
    * loss of propulsion or steering;
    * and any other hazards resulting from the unique environment of the sea.”

It should be borne in mind that there is a distinction made between “Perils of the Sea” and “Perils on the Sea”. The latter include perils which could also occur on land, such as:-

    * “fire, smoke and noxious fumes”.