Marine losses refer to the ones that are caused to the insured cargo during sea transport by the perils of the sea. They include Total loss and Partial loss.

海上损失——指被保险货物在海洋运输中，因遭受海上风险而引起的损失，包括：全部损失和部分损失。

youdao

I want to have our cargo insured.

我想给货物投保。

youdao

Marine cargo shall be insured and the amount of insurance decided and assumed by Party a, the amount that cannot below 100% sum of the contract equipments.

海运的货物应投保险，其保额由甲方决定。但不得低于合同设备金额的100%，保险费由甲方承担。

youdao

The cargo was insured and Valero has plenty of time to find backup crude.

FORBES