第四章 货物运输保险(1)
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2020/8/16
2. The Basic Factors of Cargo Transportation Insurance
• (1) Insured • (2) Insurer (Underwriter) • (3) Subject of Insurance • (4) Insurance Policy • (5) Conditions • (6) Insured Amount • (7) Insurance Premium • (8) Insurance Claim
2020/8/16
2. Losses
Losses
Total Loss
Partial Loss
ห้องสมุดไป่ตู้
Actual Total loss
Constructive Total Loss
General Average
Particular Average
2020/8/16
• (1) Total Loss • Total loss refers to the loss of the entire shipment caused by the
fortuitous. • i. Natural calamities • ii. Fortuitous Accidents • (2) Extraneous Risks • — General extraneous risks include: theft or pilferage, rain,
shortage, contamination, leakage, breakage, taint of odor, dampness, heating, rusting, hooking, etc. • — Special extraneous risks include: war risks, strikes, nondelivery of cargo, refusal to receive cargo, etc.
2020/8/16
3. Expenses
• Transportation insurance not only insures the losses caused by risks but also the losses of expenses. The main expenses include:
• i. Sue and labor expenses • ii. Salvage charges
2020/8/16
Section 3 Marine Insurance Coverage
and Clauses
2020/8/16
1. Basic Coverage
• (1) FPA (Free from Particular Average) • The FPA policy provides coverage for total losses and general
occurrence of one of the perils of the sea, fire, or some other reasons. • i. Actual total loss • ii. Constructive total loss • (2) Partial Loss • Partial loss means the total loss of part of the insured cargo. • i. General Average • ii. Particular Average
average emerging from actual “marine perils”. • (2) WPA (With Particular Average) • This insurance covers wider than FPA. • (3) All Risks • Besides the risks covered by FPA and WPA, All Risks also
2020/8/16
Section 2 The Content of Cargo Transportation Insurance
2020/8/16
1. The Classification of Risks
Risks
Perils of Sea
Extraneous Risks
Natural Calanities
Fortuitous Accidents
Special Extraneous Common Extraneous
Risks
Risks
2020/8/16
• (1) Perils of the Sea • Perils of the sea are those caused by natural calamities and
the business enterprises can shift some of the uncertainty of life onto the shoulders of others. • (2) Risk Spreading • Base on the principle that the fortunate helps the unfortunate, the industry of insurance has been developed to overcome these financial losses. • (3) Indemnity • This concept is concerned with the value of compensation.
第四章 货物运输保险(1)
2020/8/16
Section 1 Brief Introduction of Cargo Transportation Insurance
2020/8/16
1. Functions of Cargo Transportation Insurance
• (1) Risks Transfer • Insurance is a risk transfer mechanisms, whereby the individual or
2. The Basic Factors of Cargo Transportation Insurance
• (1) Insured • (2) Insurer (Underwriter) • (3) Subject of Insurance • (4) Insurance Policy • (5) Conditions • (6) Insured Amount • (7) Insurance Premium • (8) Insurance Claim
2020/8/16
2. Losses
Losses
Total Loss
Partial Loss
ห้องสมุดไป่ตู้
Actual Total loss
Constructive Total Loss
General Average
Particular Average
2020/8/16
• (1) Total Loss • Total loss refers to the loss of the entire shipment caused by the
fortuitous. • i. Natural calamities • ii. Fortuitous Accidents • (2) Extraneous Risks • — General extraneous risks include: theft or pilferage, rain,
shortage, contamination, leakage, breakage, taint of odor, dampness, heating, rusting, hooking, etc. • — Special extraneous risks include: war risks, strikes, nondelivery of cargo, refusal to receive cargo, etc.
2020/8/16
3. Expenses
• Transportation insurance not only insures the losses caused by risks but also the losses of expenses. The main expenses include:
• i. Sue and labor expenses • ii. Salvage charges
2020/8/16
Section 3 Marine Insurance Coverage
and Clauses
2020/8/16
1. Basic Coverage
• (1) FPA (Free from Particular Average) • The FPA policy provides coverage for total losses and general
occurrence of one of the perils of the sea, fire, or some other reasons. • i. Actual total loss • ii. Constructive total loss • (2) Partial Loss • Partial loss means the total loss of part of the insured cargo. • i. General Average • ii. Particular Average
average emerging from actual “marine perils”. • (2) WPA (With Particular Average) • This insurance covers wider than FPA. • (3) All Risks • Besides the risks covered by FPA and WPA, All Risks also
2020/8/16
Section 2 The Content of Cargo Transportation Insurance
2020/8/16
1. The Classification of Risks
Risks
Perils of Sea
Extraneous Risks
Natural Calanities
Fortuitous Accidents
Special Extraneous Common Extraneous
Risks
Risks
2020/8/16
• (1) Perils of the Sea • Perils of the sea are those caused by natural calamities and
the business enterprises can shift some of the uncertainty of life onto the shoulders of others. • (2) Risk Spreading • Base on the principle that the fortunate helps the unfortunate, the industry of insurance has been developed to overcome these financial losses. • (3) Indemnity • This concept is concerned with the value of compensation.
第四章 货物运输保险(1)
2020/8/16
Section 1 Brief Introduction of Cargo Transportation Insurance
2020/8/16
1. Functions of Cargo Transportation Insurance
• (1) Risks Transfer • Insurance is a risk transfer mechanisms, whereby the individual or