Section 5 Insurance.pptVIP

Section 5 Insurance Introduction The aim of all insurance is to protect the owner against loss arising from a variety of risks. Before transportation of goods, buyers or sellers usually insure their goods with a certain insurance company to prevent possible loss or damage from any occurrence. Insurance in the case of international trade mainly refers to marine cargo transportation insurance. Parties in insurance business: The insured (投保人): the one who pays the insurance company for the coverage of risks of the cargo. The insurer(保险商): the insurance company that agrees to make payment in the