《国际贸易实务与操作》Chapter8研讨.pptVIP

国际贸易实务与操作  International Trade Practice and Operation Chapter 8 Cargo Insurance Teaching Objectives 1. Discuss the scope of marine insurance. 2. Explain China Insurance Clause and Institute Cargo Clause. 3. Discuss types of insurance documents. Section 1 Marine Insurance 1. Definition Marine insurance is defined as a contract of marine insurance whereby the insurer undertakes to indemnify the assured in a manner and to the extent thereby agreed, against marine losses. Marine loss is referred to as the special term “average”. Section 1 Marine Insurance 2. Scope The scope of maritime insurance covers: insured perils, average and insured expenses. Perils result from either loss of damage from the sea like natural calamity and fortuitous accidents or extraneous risks. According to the extent of the loss, it can be either total or partial. Partial loss can be classified as: general average and particular average. There are mainly two types of expenses incurred: sue and labor expenses and salvage charges. Section 1 Marine Insurance Perils Loss from the sea Extraneous risks Natural calamity Fortuitous accident General extraneous risks Special extraneous risks Section 1 Marine Insurance Average Total loss Partial loss Expenses Actual total loss Constructive total loss Particular average General average Sue and labor expenses Salvage charges Section 1 Marine Insurance CASE 8-1 (Great China Metal Industries Co. Ltd. v. Malaysian International Shipping Corp.): In 1989, forty cases of aluminum can body stock in coils were consigned from Sydney to Keelung, Taiwan. The respondent issued a bill of lading dated 5 October 1989, acknowledging receipt of the goods in apparent good order and condition. In the course of its passage across the Great Australian Bight, the vessel encountered heavy weather. That weather had been forecast before the vessel left port. Some of the goods were damaged. Issue: Should the respondent be responsible for the da