International cargo insurance

International cargo transportation insurance 2021-06-20 18:16:18 International cargo transportation insurance refers to the agreement between the insurer and the insured that the insured will take the goods in international transportation as the subject matter of insurance to the insurer, as the subject matter of insurance When the property suffers an accidental loss, the insurer will provide the insured with economic compensation in accordance with the provisions of the insurance policy. International trade goods are transported by sea, land, air, and postal. The types of foreign trade transportation cargo insurance are divided into four categories according to the types of transportation vehicles that are insured: marine transportation cargo insurance, land transportation cargo insurance, air transportation cargo insurance, and postal package insurance. International trade cargo transportation sometimes uses two or more means of transportation in the whole process of the transportation of a batch of goods. At this time, the main means of transportation in the whole process of freight is often used to determine the type of insurance to be insured.　　 Losses involved in insurance 　　 Marine cargo transportation losses are also known as average, which refers to the loss of cargo due to maritime risks during the shipping process. Average damage also includes the loss of goods in the process of land transportation and inland water transportation connected to the sea. Marine loss can be divided into total loss and partial loss according to the degree of loss.　　A. Total loss Total loss is also called total loss, which refers to all losses suffered by the insured goods, including actual total loss and presumed total loss. Actual total loss means that the goods are completely lost or completely deteriorated and no longer have any commercial value. Presumed total loss refers to the damage to the goods after the risk, although the actual total loss has not reached the level of the actual total loss, the actual total loss is unavoidable, or the cost to avoid the actual total loss and the cost of continuing to transport the goods to the date The sum exceeds the insurance value. Presumed total loss shall be determined after verification by the insurer.　　 B. Partial loss is not classified as actual total loss and presumed total loss, but is a partial loss. According to the cause of the loss, it can be divided into general average and individual average.　　International trade cargo transportation insurance procedures　　In the process of international goods sales, which party is responsible for insuring the international trade transportation insurance should be determined according to the price conditions negotiated by the buyer and the seller. For example, according to F.O.B. and C.F.R. conditions, the insurance should be handled by the buyer for international transportation insurance; if the C.I.F. conditions are satisfied, the seller should handle the international transportation insurance for accident insurance. The general procedure for handling international trade transportation insurance is: 　　a. Determine the amount of international transportation insurance. 　　 The insured amount is the basis for all insurance premiums and the basis for calculating compensation after the loss of the goods. According to international practice, the insured amount should be calculated based on the expected profit of C.I.F. on the invoice. However, the market conditions of different countries are not the same, and the management methods for import and export trade are also different. There are two ways to apply for import and export cargo transportation insurance with the People's Insurance Company of China: one is to insure the insurance on a case-by-case basis; b. Filling in the international transportation insurance insurance policy An insurance policy is a written application made by the insured to the insurer. The main contents include the name of the insured, the name of the insured goods, the mark, quantity and packaging, the amount of insurance, and the name of the means of transportation , Sailing date and starting and ending place, insurance type, insurance date and signature, etc.　　C. Pay the insurance premium and obtain the insurance policy 　　The insurance premium is calculated at the premium rate of the other insurance. Insurance rates are based on different risks, different commodities, different modes of transportation, and different destinations, and are formulated with reference to international rates. It is divided into 'general cargo rate' and 'specified cargo rate'. The former is the rate for general commodities, and the latter refers to the rate for specially listed goods (such as certain fragile and fragile commodities) in addition to the general rate.　　 After paying the insurance premium, the insured can obtain the insurance policy (insurance policy). The insurance policy actually constitutes an insurance contract between the insurer and the insurer, and it is the proof of guarantee for the insurer to seek the insurer. In the event of loss or destruction within the insurance coverage, the insured can claim compensation on the basis of the insurer.　　D. Procedures for filing a claim 　　 When the insured goods are subject to losses that fall within the scope of insurance liability, the insured can request compensation from the insurer. If the contract is concluded on the basis of 8 price conditions included in the E, F, and C groups of [INCOTERNS 1990], the buyer should generally handle the claim. If the contract is concluded on the basis of the five price conditions included in the D group of [INCOTERNS 1990], the buyer or the seller shall handle the claim as the case may be. After the insured goods arrive at the destination, if the consignee finds that the whole package is short or obviously damaged, he should immediately obtain a certificate of damage or difference from the carrier or related parties, and contact the inspection and claims agent designated by the insurance company to apply for inspection. Submit an inspection report to determine the extent of the loss; at the same time, file a claim against the carrier or the responsible party. If it is an insurance liability, you can fill in the claim list, together with a copy of the bill of lading, packing list, original insurance policy, weight list, repair configuration fee certificate, visa or business records of the third party responsible, and claims against the third party responsible Complaints against the insurance company for correspondence, etc. Claims should be filed and handled within the validity period of the insurance, otherwise the insurance company may not handle it. 2106