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Real value of local marine insurance
A Fuel Vessel MV Norddolphin 250m Long loaded with 85000 tonnes of Petrol from UAE offloading the precious commodity at the new Kipevu Oil Terminal in Mombasa in this photo taken on April 13, 2023.
The risks inherent in global trade remain a constant concern for Kenyan businesses. From potential losses due to theft and damage to disruptions caused by shipping delays, importers face a complex web of challenges.
Marine insurance plays a vital role in mitigating these risks. However, many Kenyan firms have historically ceded control by relying on foreign insurance providers.
