Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is sting loss in marine insurance?

user-image
Question added by SHAMSHER SINGH
Date Posted: 2016/05/05
Deleted user
by Deleted user

In shipments and cargo, a STING is an operation in which a fake shipment is made to attract highjackers or outlaws that attack shipments. When dealing with marine operations, the same applies but rather it's about pirates, so a sting loss is pirate attacks a vessel and the whole operation is lost (the vessel, and the shipments). 

More Questions Like This