chapter 10 cargo insurance教程.pptVIP

Chapter 10 International Cargo Transportation Insurance Insurance It is the equitable transfer of the risk of a loss from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss. Marine Cargo Insurance Broadly, marine cargo insurance is to protect the interests of importers and exporters from possible financial losses caused by risks during transit. The need for marine cargo insurance In int’l trade, the transportation of goods from the seller to the buyer is generally over a long distance and has to go through the procedures of loading, unloading, and storing. At any stage of the transit, it is quite possible that the goods will encounter various kinds of risks and suffer loss or damage. In insurance, the party who insures others against possible loss or damage and undertakes to make payment in case of loss is called the insurer; the party who is insured against possible loss and to whom payment covering the loss will be made is called the insured. The contract made between the insurer and the insured is the insurance policy. The amount of money the insurer agrees to cover by insurance against the subject matter is the insured amount. The sum of money the insured agrees to pay the insurer for an insurance policy is called premium. Perils 风险 Perils refer to risks that occur at sea. They are usually those causes over which the captain of a vessel has no control. Perils are mainly divided into two kinds: general perils of the sea and extraneous risks. Perils 风险 General perils of the sea include natural calamities like storm, flood, heavy weather, earthquake, tsunami, lightning, etc ; and fortuitous accidents（意外事故） like being grounded, stranded, sunk, or in collision with floating ice or other objects, as well as fire, or explosion, etc. Perils 风险 Extraneous risks are the risks that except perils of sea. Extraneous risks must be accidental, occasional, har