Pratical International TradePPT培训课件.ppt

3 Exclusion of the insurance company (1)loss or damage caused by international act or fault of the insured. (2) loss or damage due to responsibility of the consignor. (3)inferior quality or shortage in quantity before the commencement of the insurance duty (4)natural loss,inherent vice or nature of the insured goods (5)loss of the market price of the insured goods (6)loss due to delay in transportation and any expenses arising therefrom. D. Marine Insurance Clauses in the Contract 1.Choosing insurance Coverage 2.Determining insurance amount and calculating premium Insurance amount=CIF price x (1+markup percentage) =FOB price x (1+average freight rate +average premium rate) =CFR price x (1+average premium rate) Premium=CIF price x (1+markup percentage) x premium rate =FOB price x (1+average freight rate +average premium rate) x average premium rate =CFR price x (1+average premium rate) x average premium rate 3. Taking out insurance 4. Insurance clauses Insurance to be covered by the buyer Insurance to be effected by the seller for 110% of the invoice value against all risks as per Ocean Marine Cargo Clauses of the People’s Insurance Company of China 5. Forms of Marine Insurance Contract Insurance Policy Insurance Certificate Open Policy: Open Cover Combined Certificate Endorsement 6. How to claimFormalities for claim -Advice inspection of goods damaged -Evidence of lodging a claim -Protecting the interest of the insurer (1)Any person who files a claim should have the insurance interest (2)Loss of or damage to the subject matter shall be direct result of the perils within the scope of the insurance cover. (3) Franchise 免赔率 relative franchise 相对免赔率 deductible franchise 绝对免赔率 irrespective of percentage 不计免赔率(I.O.P) (4) Constructive total loss: th