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Chapter21
Warm-upQuestionsWhatdoyouknowaboutexportinsurance?Canyoutelltheclasstheimportanceofinsuranceinexports?Howmanycategoriesofexportinsurancedoyouknow?
Newwords
UsefulPhrasesandIdiomaticExpressions
1.transferringanddistributingrisksofloss转移与分摊损失风险2.valuedpolicy定值保单3.unvaluedpolicy不定值保单4.voyagepolicy航程保单5.timepolicy定期保单6.mixedpolicy混合保单7.floatingpolicy流动保单Notes
Notes
Notes
InsuranceofExportsDefinitionofInsuranceInsuranceisdefinedasacontractwherebyonepartyundertakestoindemnifyanotheragainstloss,damage,orliabilityarisingfromacontingentorunknownevent.Itisameansoftransferringanddistributingriskofloss
TwoMajorCategoriesofInsuranceofExportsMarineInsuranceAviationInsuranceInsuranceofExports
Whatismeantbymarineinsurance?Whoisobligatedtotakeoutmarineinsurance?Whataretheusualtypesofmarineinsurance?ValuedandunvaluedpoliciesVoyage,timeandmixedpoliciesFloatingpoliciesOpencoversBlanketpoliciesWhatrisksarecoveredbymarineinsurance?MarineInsurance
Aviationinsuranceistakenoutthroughmarineinsurancebrokers.ThegreaterpartofaircargoinsuranceisunderwritteninthemarinemarketbybothLloyd’sandthecompaniesbutacertainamountiswrittenbyspecializedaviationinsurancecompanies.AviationInsurance
QuestionstobeAnswered
Whatarethemajorcategoriesofinsuranceofexports?Whatismeantbymarineinsurance?Whohasthedutytotakeoutmarineinsurance?Whatarethecommontypesofmarineinsurancepolicies?Whatisthemainadvantageofanopencover?
ThisistheendofChapter21
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