chapter 6.Cargo Transportation Insurance.pptVIP

SEIB OF GDUFS Chapter Six Cargo Transportation Insurance Learning objectives After learning this chapter you will be able to understand the fundamental principles of cargo insurance be aware of the risks and losses in ocean transportation outline the scope of the Ocean Marine Cargo Clauses of CIC frame the coverage of London Institute Cargo Clauses understand the procedure for lodging claims describe methods of stipulating insurance clauses in Sales Contracts Definitions Definition of insurance “the practice of sharing among many persons, risks of life or property that would otherwise be s