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Unit Fourteen Introduction Exporters and importers face all the time uncertainties of loss of their goods. Insurance is used to protect their financial interests against such risks and actual losses. Without adequate insurance and protection of those goods in transit, international trade will be negatively affected. Text 1 The daily news often carries reports like these: “Floods have caused widespread damage in parts of the United States.” “The crime rate in the United States, especially that of burglary and theft, is on the increase.” “Injuries due to home a
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