Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
Registration of an entity in print media: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1390 dated 11/16/2023. Media identifier: R30-02018
The journal is indexed in the International Scientific Center of Index Copernicus International

Modern practice of implementing marketing and sales activities of agricultural enterprises: strategic and innovative aspects

# 22 87-92 Download/view full article

УДК: 347.51:656.61+368.03(100)

DOI: https://doi.org/10.36887/2524-0455-2025-1-22

Iryna Panchenko
Candidate of Science of Law, Associate Professor, Head of the Department of Economics and Maritime Law
Kherson State Maritime Academy
https://orcid.org/0000-0003-4545-3794
Tetiana Stovba
Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Economics and Maritime Law
Kherson State Maritime Academy
https://orcid.org/0000-0003-2433-1122

The article explores key aspects of marine risk insurance as an integral element of risk management in maritime transport and trade. It reveals the nature and categories of marine risks, highlighting the significance of insurance in protecting the interests of shipowners, cargo owners, and other participants in maritime activities. It examines the main categories of insurance: hull insurance, cargo insurance, liability insurance for shipowners, freight insurance, and loss of profit insurance. The primary legal aspects of marine insurance regulation are analyzed through national legislation and international conventions, such as the Hague-Visby Rules, Hamburg Rules, and Rotterdam Rules. The role of the International Maritime Organization (IMO) in influencing insurance regulation through maritime safety standards and environmental requirements is also examined. The article addresses mechanisms for regulatory oversight by national authorities to ensure transparency, stability, and compliance of insurance companies’ activities with legislative requirements. It investigates key economic factors affecting the marine insurance market, including fluctuations in oil prices, international trade volumes, global economic activity, and political instability. Emphasis is placed on harmonizing national and international legislation to ensure stable insurance relations and improve dispute resolution efficiency. Practical aspects of the interaction between marine insurance market participants and the influence of external economic conditions on its development are analyzed. The research findings underscore the strategic importance of marine insurance in maintaining the stability of the global economy, particularly in international trade and cargo transportation. Comprehensive legal and economic regulation of marine insurance is shown to promote its effective functioning, protect market participants’ interests, and ensure financial sustainability in maritime transportation.

Keywords: and/or key phrases: marine risk insurance, risk management, cargo insurance, insurable interest.

References.

  1. Honcharenko, O. M., & Svitlychna, O. S. (2016). Perspektyvy rozvytku morskogo strakhuvannia v Ukraini [Perspectives of the development of marine insurance in Ukraine]. Naukovyi visnyk Mizhnarodnoho humanitarnoho universytetu. Seriia: Ekonomika i menedzhment, 17, pp. 122–126. Available at: http://www.vestnik-econom.mgu.od.ua/journal/2016/17-2016/26.pdf.
  2. Koretska, O. V. (2022). Osoblyvosti ta problemy mekhanizmu realizatsii morskogo strakhuvannia v Ukraini [Features and problems of the mechanism of marine insurance implementation in Ukraine]. Naukovyi-vyrobnychyi zhurnal «Biznes-navigator», vol. 1(68), pp. 57–60. Available at: http://business-navigator.ks.ua/journals/2022/68_2022/12.pdf.
  3. Kuliev, A. Yu., & Bulba, O. V. (2020). Suchasnyi stan funktsionuvannia instytutu strakhuvannia vidpovidalnosti sudnovlasnyka [The current state of the functioning of the institution of shipowner liability insurance]. Pravo i suspilstvo, vol. 6-2, Part 1. Available at: http://pravoisuspilstvo.org.ua/archive/2020/6-2_2020/part_1/13.pdf.
  4. Bohomolova, N. I., Panchenko, O. I., & Shtyrkhun, Kh. I. (2012). Osoblyvosti ta problemy mekhanizmu realizatsii morskogo strakhuvannia v Ukraini [Features and problems of the mechanism of marine insurance implementation in Ukraine]. Visnyk Chernihivskoho derzhavnoho tekhnolohichnoho universytetu. Seriia “Ekonomichni nauky”. Available at: https://economic-vistnic.stu.cn.ua/index.pl?task=arcls&id=613.
  5. Gerard, J., & Groutel, E. (2023). Marine insurance. Guidelines and recommendations on contracts and practices for international trade in tropical timber. Available at: https://agritrop.cirad.fr/610480/2/PAMPHLET-10-MARINE-INSURANCE.pdf.
  6. TATA AIG Team. (2024). Hull and Machinery Claims. What is Hull Insurance? What Does it Cover and Not Cover? Available at: https://www.tataaig.com/knowledge-center/marine-insurance/hull-insurance.
  7. Du Plessis, F., Goedhals-Gerber, L., & van Eeden, J. (2024). Climate change and marine cargo insurance – A global survey of insurers’ perceptions. Heliyon, 10, issue 17, pp. 1–17. DOI: https://doi.org/10.1016/j.heliyon.2024.e37117.
  8. Berenguer, R. (2024). What is protection and indemnity insurance? Insurance Business. Available at: https://www.insurancebusinessmag.com/us/guides/what-is-protection-and-indemnity-insurance-164291.aspx.
  9. Panchenko, I. M. (2023). Kontseptsiia ta pravova pryroda dohovoru morskogo strakhuvannia [The concept and legal nature of the marine insurance contract]. ua, vol. 1, pp. 168–174. DOI: https://doi.org/10.32782/LAW.UA.2023.1.23.
  10. The Hague Visby Rules. Available at: https://www.euro-marine.eu/sites/default/files/ related_documents/The%20Hague%20Visby%20Rules.pdf.
  11. United Nations Convention on the Carriage of Goods by Sea, 1978 (Hamburg Rules). Liga360. Available at: https://ips.ligazakon.net/document/MU78K02U.
  12. Rotterdam Rules. (2015). Yurydychna hazeta, 8. Available at: https://www.asterslaw.com/ua/press_center/ publications/rotterdam_rules/.
  13. Khrystych, D. (2021). Arbitrazh LMAA [LMAA Arbitration]. Fortior Law. Available at: https://fortiorlaw.com/ua/news/arbitrazh-lmaa/.
  14. Maitra, D., Ur Rehman, M., Dash, S. R., & Kang, S. H. (2021). Oil price volatility and the logistics industry: Dynamic connectedness with portfolio implications. Energy Economics, vol. 102. DOI: https://doi.org/10.1016/j.eneco.2021.105499.
  15. Hontaruk, I. V. (2021). Vplyv pandemii COVID-19 na diialnist pidpryiemstv u haluzi morskykh vantazhnykh perevezen [The impact of the COVID-19 pandemic on the activities of enterprises in the maritime freight industry]. Pidpryiemnytstvo, torhivlia ta birzhova diialnist, 6(240), pp. 60–69. Available at: https://eco-science.net/wp-content/uploads/2022/02/6.21._topic._Hontaruk-I.V.60-69.pdf.
  16. Semenikhina, L. (2024). Morski perevezennia pid chas viiny v 2024 rotsi. Shcho treba znaty? [Maritime transport during wartime in 2024. What you need to know?]. PROFI CARGO SERVICE. Available at: https://www.proficargo.com.ua/novini/morski-perevezennya-pid-chas-vijny-v-2024-roczi-shho-treba-znaty.html.
  17. Reshetkov, D. M., & Laryna, I. M. (2024). Vplyv protsesiv tsyfrovizatsii na pidvyshchennia yakosti obsluhovuvannia vantazhiv i transportnykh zasobiv u morskykh portakh [The impact of digitization processes on improving the quality of service for cargo and vehicles in seaports]. Ucheni zapysky TNU imeni V. I. Vernadskoho. Seriia: Tekhnichni nauky, 35(74), no. 5, pp. 95–99. DOI: https://doi.org/10.32782/2663-5941/2024.5.2/16.

The article was received 10.02.2025