chaptr4-unit6 insurance of commodity-students.pptVIP

Unit 6 Insurance 武汉科技大学管理学院 潘雅琼 Outline 1. Definition of Marine Insurance It is a contract whereby the insurer undertakes to indemnify the insured, in manner and to the extend thereby agreed, against marine losses. In the export trade, marine insurance is usual to arrange an extended marine insurance in order to cover the transportation of goods from the warehouse of the seller to the port of dispatch, and from the port of arrival to the warehouse of the overseas buyer. Relevant Conception Insurer: the party who insures others against loss or damage and undertakes to make payment in case of