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What is sting loss in marine insurance?

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Question added by SHAMSHER SINGH
Date Posted: 2016/05/05

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). 

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