国际商法 insurance.ppt

Marine Cargo Insurance 1. Definition 2. Insurance policy 3. Perils and losses 4. Covers of insurance 1. Definition Insurance provides a pool or fund into which many contribute and, out of which a few who suffer loss are compensated. 1. Definition long distance Different means of transportation the procedures of loading, unloading and storing. the potential damages and loss to goods carried by sea is tremendous sometimes. In order to protect the goods against possible loss in case of perils, the buyer or seller before transportation of the goods usually applies to insurance company for insurance covering the goods in transit. 2. Insurance policy Insurance policy is a kind of standard form a part of shipping document 1) voyage policy and time policy voyage policy covers risks that arise during an entire transit period irrespective of how long it takes time policy covers risks arising during a specified period of time, e.g. three months or one year 2. Insurance policy 2) floating policy(总额保险单) It is a cargo policy which covers a number of shipments until the sum insured is exhausted. Wherever some cargo is shipped, the insured makes a declaration about the description of cargo and total value of the policy is reduced by that amount. This is very convenient for those merchants who are regularly or constantly engaged in shipment. 2. Insurance policy Explanation: A trader will take a floating policy on a sum estimated to be large enough to cover shipments during a period (1 year) and pays premium according. As the shipments are sent out , the insurer is informed and the value of those shipments is deducted from the insured sum. This procedure is repeated until the inured sum is exhausted 2. Insurance policy 3) open policy Coverage normally used on an indefinite basis under ocean marine insurance and inland marine insurance (transportation insurance) business risks for the damage or destruction of a shipper’s goods i