> For the complete documentation index, see [llms.txt](https://insureblox.gitbook.io/hackathon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://insureblox.gitbook.io/hackathon/ocean-storm/why-use-ocean-storm.md).

# Why use Ocean Storm?

Ocean Storm is a parametric insurance solution for 🚢 ships - against risks caused by heavy storms - based on smart contracts

## ![](https://3159950808-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJ0sBHoYweRyb2Da62vVq%2Fuploads%2FjrA8a6IP2hYx5d9XLWB8%2Fimage.png?alt=media\&token=4165da28-7119-4642-9bf6-29ff27c08c38)    WHAT is Ocean Storm?

**Ocean Storm is:**

* a parametric insurance solution ☂
* for ships 🚢  going through rough seas  🌊 
* based on Blockchain 🚀, i.e. hassle-free, automatic pay-outs in case of adverse weather events

## WHY use Ocean Storm?

* Compensates for your economic losses due to heavy storms on the ocean
* Is as transparent as insurance can be in the "Metaverse era" 😎
* Is hassle-free and pays out instantly - no need to file a claim

## WHO should buy Ocean Storm?

* Ship owners 🚢
* Charterers ⚓
* Logistics providers 🚚
* Trade partners shipping containers, bulk cargo, specific goods...
* And also cruise ship passengers and sailors: they might want to insure against delayed arrival at the next port, or seasickness 🤮:thumbsup: