Marine insurance in Nepal offers protection for goods, cargo, and vessels during water transportation, guarding against risks like sinking, fire, collision, and piracy. Exporters, importers, and shipping companies in Nepal can purchase marine insurance to safeguard their goods and vessels while in transit. The extent of coverage can vary depending on the policy type and the specific requirements of the insured party. Premiums for marine insurance are calculated based on factors such as the value of the goods or vessel, the shipping route, and the desired coverage level. This type of insurance helps reduce financial losses caused by unexpected incidents during sea transport.