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Marine Cargo Insurance Committee of the Insurance Federation of Egypt plans to issue a policy insuring the responsibilities of the transporter towards the owners of the transported goods, said Tarek Sanad, member of the committee and deputy general manager of marine insurance compensations department at Suez Canal Insurance Company.
The committee will start by next month drafting the insurance policy that will solve many problems of both the owners and transporters of the goods as the latter were not earlier allowed to insure the goods they transport, he added.
