進出口實務與操作(英文版)chapter5Insurance精課件

1、Chapter 5 Insurance第1頁，共21頁。Learning ObjectivesTo understand the functions of insurance in international sale transactionsTo grasp main types of insuranceTo have a good knowledge of different types of insurance policiesTo understand the relationships of the parties involved in insurance contract第2頁，

2、共21頁。Structure of the ChapterSection One: Functions of InsuranceSection Two: Basic Principles of InsuranceSection Three: Types of Risks, Losses and Expenses Section Four: Main Types of InsuranceSection Five: Types of Insurance Policies Section Six: The Insurance Contract 第3頁，共21頁。Section 1Provide pr

3、otection against future risks, accidents and uncertainty.A device to share the financial loss of a few among many others.Promote exports第4頁，共21頁。Section 2Insurable interest: the assured must have an insurable interest in the subject matter insured at the time of the loss. Utmost good faith: If any f

4、raud or deception is discovered, the other party has the right to avoid the contract and asks for compensation. This concept includes: 1)disclosure 2) representation 3) warrantyPrinciple of indemnity: the insured cannot recover more than his or her actual loss from the insurer. 第5頁，共21頁。第6頁，共21頁。第7頁

5、，共21頁。Section 3 external risks: 1)general external risks: theft and pilferage, contamination, leakage, breakage, sweating and /or heating, taint of odor, rusting, hook damage, fresh and/or rain water damage, short-delivery and non-delivery, shortage in weight, clashing and so on 2) special external

6、risks: war, strike and failure to delivery due to some special laws or regulations.第8頁，共21頁。Section 3Types of loss: total loss, partial loss1)Total loss: actual total loss: There is an actual total loss of goods when they are destroyed, or so damaged as to cease to be the thing insured, or where the

7、 assured is irretrievably deprived of them. 第9頁，共21頁。Section 3 constructive total loss: Goods may be still in existence but must be considered from a commercial point of view as being totally lost either because an actual loss appears inevitable or because it would only be possible to save them at a

8、 cost greater than their value after being saved. 第10頁，共21頁。Section 32) partial loss: general average loss particular charges particular average loss第11頁，共21頁。Section 4Main types of insuranceBasic coverage: 1) FPA: (Free from Particular Average) is a limited form of cargo insurance coverage under wh

9、ich no partial loss or damage is recoverable. 2) WPA: (With Particular Average), a wider cover than FPA. It provides extensive cover against all loss or damage due to marine perils throughout the duration of the policy.第12頁，共21頁。Section 43) All Risks: the most comprehensive of the three basic covera

10、ge under which the insurer is responsible for all total or partial loss of, or damage to the goods insured either arising from sea perils or general external causes.第13頁，共21頁。Section 4Additional coverage1) General additional risks: TPND (Theft, Pilferage and Non-delivery), Fresh Water Rain Damage, R

11、isk of storage, Risk of Intermixture and Contamination, Risk of Leakage, Risk of Clash and Breakage, Risk of Odor, Damage caused by Heating and Sweating, Hook Damage, Risk of Rust, Breakage of Packing, etc. 第14頁，共21頁。Section 42) Special additional risks: War Risk, Strike Risks, Failure to delivery R

12、isk, Import Duty risk, Rejection Risk, etc. 第15頁，共21頁。Section 4Main exclusions of the insurers liability Loss or damage attributable to willful misconduct of the assuredOrdinary leakage, loss of weight or wear and tearDefects in packing.Inherent vice or nature of the cargo.Delay.Insolvency of financ

13、ial default of carriers etc.第16頁，共21頁。Section 4Nuclear weapons of all kinds. This exclusion is separate from the normal war exclusions because such weapons create a risk of loss or damage far beyond any war zone.Unseaworthiness if the assured or his servants are privy to it. If they are not, the ins

14、urers waive their rights under the warranty of seaworthiness implied in the contract by the Marine Insurance Act.Arrest, restraint and detention. 第17頁，共21頁。Section 5Valued policy: a policy which specifies the agreed valued of the subject matter insuredUnvalued Policy: an unvalued policy states merel

15、y the maximum limit of the sum insured and leaves the insurable value to be ascertained subsequently. Voyage policy: Under a voyage policy the subject matter is insured in transit from one point to another第18頁，共21頁。Section 5Time policy: Under a time policy the subject matter is insured for a fixed t

16、ime. Mixed Policy: Under a mixed policy the subject matter is insured both for a particular journey and a certain period of time. Floating Policy: The floating policy lays down the general conditions of insurance, but not the particulars of the individual consignments intended to be covered.第19頁，共21頁。Section 5Open cover: another method of effecting general insurance for recurring shipments, the details of which are unknown when the insurance is taken out. Blanket policy: usually provides that the assure