国际贸易实务6 INSURANCE

Necessary condition for the General Average Danger actually exists and is inevitable Danger is common; the measures are reasonable Sacrifice is the result of intentional acts; Costs are extra Loss is the loss of extraordinary circumstances
Fire Explosion Grounding Stranding Sunk Collision Capsized Jettison Sling Loss
Average
Total Loss Partial Loss
Actual Total Loss Constructive Total Loss General Average Particular Average
Heavy Weather Lightning Tsunami Washing Overboard Flood Earthquake Volcanic Eruption Entry of sea, lake or river water into vessel craft, hold, conveyance, container, or place of storage
Grasp: General Average, Particular Average Insurance coverage of Basic Risk and Additional Risk Sue & Labour charges, Salvage Charges W/W Clause Insurance document’s type, characteristics and function Abandonment and Subrogation Right The calculation of insured value & insurance amount The conversion between the price of different trade terms
《York-Antwep Rules》 《Beijing G.A. Settlement Rules》 General Average Contribution After the general average occurred, every sacrifice and expense fall within the scope of general average, which all need through the adjustment of general average, and be apportioned with ratio by the rescued beneficiaries (ship, cargo and freight revenue side) according to the original value of the salved.
Expenses
Sue and Labour Expenses The person who takes measures must has direct economic interest with the subject matter insured.
Salvage Charge A third party except the insured or the insurer
Other expenses
Case
有一货轮在航行中与流冰相撞。船身一侧裂口，舱内部分乙方货物遭浸泡。船长不得不将船就近驶入浅滩，进行排水，修补裂 口。而后为了浮起又将部分甲方笨重的货物抛入海中。乙方部分货物遭受浸泡损失了3万美元，将船舶驶上浅滩以及产生的一连 串损失共为8万美元，则如何分摊损失？（该船舶价值为100万美元，船上载有甲乙丙三家的货物，分别为50万、33万、8万美 元，待收运费为2万美元）
The differences between General Average and Particular Average
Caused by different reasons
General Average
Natural calamities Fortuitous accidents Extraneous risk
Marine Cargo Insurance Coverage
Risk
Natural Calamities
Perils of the Sea
Fortuitous Accidents
Extraneous Risk
General Extraneous Risks Special Extraneous Risks
Injured party to assume
Assume responsibility for the loss
Particular Average
Human-caused losses and additional costs
All benefiting parties sharing according to the size of its benefit ratio
国际贸易实务6 INSURANCE
Understanding: Risk, Average and Expenses Cargo insurance clause of PICC (CIC)and ICC Insurance documents Insurance contract parties
Survived the underlying value (Insurance value of the subject stated on the policy)
Particular Average Only involves the unilateral loss of the ship’s or the owner of theຫໍສະໝຸດ Baidugoods’ interests