Uncertainty, risk, and insecurity are incidental to life and business. The aim of all insurance is to compensate the owner against loss arising from a variety of risks that he anticipates to his life, property and business. Our insurance practice covers both marine and non-marine fields. The geographical position of the Sultanate with a long coastal line facilitates marine trade. Omanis had been famous for trade, marine trade in particular, for hundreds of years. In the ancient periods they had many commercial ships exploring the far seas to practice this profession and this activity increased in the 20th century. The emergence of the Sultanate in the recent years as a world class-trading centre only enhances this proud tradition. Nevertheless, international trade necessarily generates a large number of disputes. A contract of marine insurance is an agreement whereby the insurer undertakes to indemnify the assured in the manner and to the extent agreed, against marine losses viz: losses incidental to marine adventure i.e. perils consequent to navigation of the sea and the ports at Muttrah and Salalah equipped with container terminal facilities generates large cargo transportation and consequential disputes and claims. Dr. Abdullah Alsaidi Law Office have extensive experience and contacts in the insurance industry .Our lawyers frequently handle the corporate and general requirements of insurance companies, brokers, underwriters and intermediaries. We advise our clients on hull and cargo policies and P&I insurance claims. We also handle any dispute arising pursuant to contracts of affreightment, collision, salvage and general average, maritime fraud, shipbuilding contracts and the sale and purchase of vessels. In addition, we advise carrier and cargo interests on the effects of international conventions and local regulations. On the non-marine side, we advise on policies covering every conceivable kind of risk including credit risks, professional liability, corporate liability, product liability, construction risks, property and personal injury.
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