dufe共享国际经济与贸易英语课件chapter 6.pptVIP

7._____The 10% markup rate of the commercial invoice value in an insurance policy is to cover an anticipated profit as well as other additional costs involved. 8. _____Under a deductible franchise, where the loss or damage exceeds the percentage allowed, the insurance company needs merely indemnify the exceeding part to the insured. 9. _____Ocean marine insurance covers ships and their cargo only on the high seas and not on inland waterways. 10._____The claimant is the party who suffers loss of or damage to the subject matter insured by himself. III. Case Studies 1. X Company signed a CIF contract to export candies. The cargo was insured for “all risks”. Due to the long voyage, candies absorbed sweating in the ship’s hold, and thus softened and degraded. Was the insurance company liable for the damage? Why or why not? 2. A cargo was insured for “all risks”. On a night voyage, the ship had to sail without lights due to air attacks. As a result, it collided with another ship and sank. Was the loss covered by the insurance policy? Why or why not? 3. An exporter signed an FOB contract with a French C. and a CIF contract with a British Co. Both cargoes were insured for marine cargo insurance. But in transit from the exporter’s factory to the port of shipment, the cargos were damaged. Under each deal, who should obtain insurance? Who should take the loss? 4. On a voyage the cargo ship had an accidental fire. To same the ship, the captain ordered to have water poured into the compartment. The fire was put out. a. For party X, her goods burnt amounted to 10% of USD0.5 million cargo; b. For party Y, his goods damaged due to water poured accounted for 20% of USD 1million cargo; c. For the carrier, engine damages due to the fire equaled 10% of USD50 million ship; d. Extra wages for the seamen totaled USD 50 000. Based on the information above, indicate: 1) Which is PA? 2) Which is GA? 3) What is the GA contribution for each party? 5. An importer signed an