What does jettison mean in marine insurance?

The term "jettison" in marine insurance specifically refers to the act of throwing goods overboard in order to lighten the load of a vessel. This action is often taken in emergency situations where a ship is at risk of capsizing or sinking, and by jettisoning cargo, the vessel can regain stability or improve its chances of safe navigation.

In marine insurance, the practice of jettisoning cargo can have implications for coverage and claims. When goods are intentionally discarded to save the vessel or remaining cargo, the loss may be covered under a policy, depending on the terms of the insurance. This concept is important for policyholders and marine insurers as it highlights the balance between protecting the vessel and the cargo that remains on board.

The other options convey different actions related to marine operations but do not capture the specific definition of jettison. For instance, securing a vessel from damage pertains to preventative measures, retrieving lost items from the sea refers to a salvage operation, and delaying shipping under adverse conditions relates to logistical decisions rather than the act of jettisoning. Thus, recognizing the distinct meaning of jettison helps in understanding maritime insurance terms and the responsibilities associated with marine operations.