Abstract
The article notes that in modern conditions, the involvement of huge areas of the Arctic with its natural resources in full-fledged production activities is one of the strategic tasks of the state. The involvement of the Arctic region in production activities should be understood as the development of deposits of raw materials, the development of transport and telecommunications infrastructure, the development of research activities, ensuring a favorable environmental situation, and ensuring the security of national borders. The development of the Northern Sea Route is also related to this goal. It is noted that the presence of special risks in the water area of the Northern Sea Route increases the possibility of emergency situations, the result of which may be the infliction of various kinds of damage (harm). In the context of the Northern Sea Route, vessel owners are obligated to possess liability insurance. This insurance is of particular importance in ensuring the protection of third parties during transportation along the Northern Sea Route. It has been demonstrated that the insurance of both property and cargo on board ships plays a significant role in the operation of the Northern Sea Route. The primary challenges associated with this particular insurance category and their potential resolutions are emphasised.
Published Version
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