chapter 9-inspection and insurance.pptVIP

Learning Objective In this chapter, we will learn how to deal with problems relating to inspection and insurance, and negotiate insurance terms in international business transactions. Background Briefing In international trade, goods are transported over long distances to another country, beyond the direct physical control of both the buyer and the seller. They may be faced with all kinds of risks or losses and therefore must be insured against loss or damage at each stage of their transportation. Cargo inspection and insurance are indispensable in international trade. Part One Inspe