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A lot. (lemm.ee)

submitted 8 months ago by TransplantedSconie@lemm.ee to c/memes@lemmy.world

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[–] freebee@sh.itjust.works 3 points 8 months ago

Ship insurance is somewhat how modern capitalist world trade came into existence: https://en.wikipedia.org/wiki/Dutch_East_India_Company?wprov=sfla1

Bunch of people putting money together for ship to have a try going and returning with lots of goodies, is like an insurance I'm some way.

I think insurance isn't just possible, it's obligated to be allowed to enter certain ports with certain shipsizes.