Water transport is mostly regarded to be the cheapest mode of transport while it is as well the oldest. While it is the cheapest method, it further is advantageous when you have to transport large and bulky goods, regardless of the distance. It is one of the methods that majorly is responsible in encouraging trade between different countries, hence international trade. Among water transport, there are additionally two means that in itself has extra means of transport.
For instance, firstly there is inland water transport, and then there is transport through the ocean. Either way, transporting goods through this method can be extremely efficient through natural disasters as heavy rain and flood. This is because through these calamities, it would be difficult to transport the goods by train and road transport as their process may become disrupted.However, you will need to get insurance for these goods in order to compensate for their safety. Firstly, you will need to try to get a marine insurance quote through a company or a broker that will help you get the insurance successfully.
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Inland water transport includes the use of rivers, canals, and lakes. This method of transport is not made useof much lately due to the development of other means of transport. However, it can be used for both small and big boats and barrages. It is further one of the ways that has been used the most throughout time. Canals on the other hand which is artificial in contrast to rivers. They require large capital investment in order to be constructed and maintained. Therefore, this results in this mean of transport being much expensive compared to other inland water transport methods. In addition, lakes can be both built like canals, or naturally set as rivers.
Ocean transport is the most crucial method of transport for foreign trade. It is one of the ways that has helped to develop the markets of the world into one whole global market. This is known as the cheapest method of transport as it does not require to be constructed or maintained as it operates on natural course. Coastal shipping is the method through ocean transportation, that is used to export and import goods from different parts of a country itself. Despite its ability to deliver bulky goods, it is still inflexible as it can only serve limited areas.
Overseas shipping utilizes three other methods of shipping which includes liners, tramps and tankers. Nonetheless, these methods of ocean transportation is known to cost the least of damage to the goods being transported. However, there is always the danger of these goods facing the unpredictable nature of the sea.