外贸函电 ,关于保险Unit12 Insurance.ppt

Cargo Transportation Insurance
1
Terms involved
the insurant / insured/assured
The party that buys insurance (exporter/importer)
the insurer
The party undertaking to indemnify the insurant against losses or damages ()
the claimant
The claimant may not necessarily be the insurant
the insurance policy
- The contract made between the insurer and the insured
the insured amount
- The amount covered against the subject matter ( which is usually the amount of 110% of CIF value of the consignment)
premium
- The sum of money the insured agrees to pay the insurer for an insurance policy
2
Marine Risks
Perils of the sea
External/Extraneous
risks
Risks
Natural calamities
Unexpected accidents/
fortuitous accidents
General risks
Special risks
3
Two types of risks
Perils of the sea
Natural calamities
Caused by force majeure events such as heavy weather , lightening, Tsunami, earthquake, volcanic eruption,, etc.
Unexpected accidents/fortuitous accidents
Caused by accidents such as fire, explosion, vessel being stranded , grounded, sunk or capsized, collision, missing, etc.
4
1. Theft Pilferage and Non-Delivery , T. P. N. D. ;
2. Rain Fresh Water Damage , . R. D. ;
3. Risk of Shortage ;
4. Risk of Intermixture and Contamination ;
5. Risk of Leakage ;
6. Risk of Clash and Breakage ;
7. Risk of Ordor ;
8. Damage Caused by sweating and Heating ;
9. Hook Damage ;
10. Loss and Damage Caused by Breakage of Packing ;
11. Risk of Rust.
General Additional Risk
External/Extraneous Risks
5
Caused by military factors, political factors, government regulations such as war, striking, confiscation充公
1. War Risks;
2. Strike risks;
3. Aflatoxin ***险;
4. Failure to deliver ;
5. On Deck 舱面险;
6. Import Duty;
7. Rejection;
8. Fire Risk Extension Clause , F. R. E. C. —— for storage of cargo at destination of HongKong , including Kowloon , or Macao.
Special Additional Risks
6
Losses in Marine Cargo Transport
The losses and damages done to the goods can fall into