What term categorizes risks that are eligible for ocean marine insurance?

The appropriate term that categorizes risks eligible for ocean marine insurance is marine exposures. This term encompasses a variety of risks specifically related to the transportation of goods and property by sea or other navigable waters. It includes areas such as cargo transport, hull insurance for ships, and the various liabilities associated with maritime operations.

Marine exposures address not only the risk to the cargo but also the risks threatening the ship itself and potential liabilities that arise during ocean transport. These exposures are critical for underwriters to assess in formulating marine insurance policies, as they outline the inherent hazards associated with maritime commerce.

Cargo risks, while closely related to marine exposures, specifically refer to the insurance of goods being transported, but do not capture the entirety of marine operations. Exports, though relevant in international trade, do not encompass the comprehensive risks that ocean marine insurance addresses. Maritime liabilities involve legal responsibilities that might arise during marine activities but are still secondary to the broader category of risks encompassed by marine exposures.