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1、Chapter10Insurance&OtherDocumentsLearningtarget:1.Whatisinsurancecoverage?2.Whatareinsurancedocumentsandtheirclassifications?3.Whatareotherdocumentsrequiredinspecialcases?10.1insurancedocumentsIninternationaltrade,thetransportationofgoodsfromthesellertothebuyerbyair,byland,orbyseaisre
2、alizedgenerallyoveralongdistanceandhastogothroughtheproceduresofloading,unloading,andstoring.Duringthisprocess,itisquitepossiblethatthegoodswillencountervariouskindsofperilsorrisksandsometimessufferlosses.Inordertoprotectthegoodsagainstpossiblelossesofsuchperils,thebuyerorsellerbefore
3、thetransportationofthegoodsmustusuallytakeoutinsurancewithaninsurancecompanyonthegoods.Internationalcargotransportationinsurancereferstothefactthattheinsuredcoversinsurancefortheshipmentwiththeinsurer,i.e.,theinsurancecompanybeforeshipment.Insuranceformaritimeshippingistheparamountado
4、ptedininternationaltrade.Theinsuredpaysinsurancepremiumtotheinsurancecompanyonthebasisofinsuranceamount,insurancecoveraswellasinsurancepremiumrate,andobtainstheinsurancepolicy.Theinsurershallcompensatetheinsuredforthelossesof,anddamagetothegoods,ifany,duringthetransportationwithinthes
5、copeofinsurancecover.10.1.1InsurancecoverageTheinsuredpaysinsurancepremiumtotheinsurancecompanyonthebasisofinsuranceamount,insurancecoveraswellasinsurancepremiumrate,andobtainstheinsurancepolicy.Theinsurershallcompensatetheinsuredforthelossesof,anddamagetothegoods,ifany,duringthetrans
6、portationwithinthescopeofinsurancecover.10.1.1.1PerilsandRisksPerilsPerilsrefertoriskswhichoccuratsea,orattheplacewheretheoceanandland,ortheoceanandtheinlandriver,ortheoceanandthelighterareconnected.Perilsaremainlydividedintotwokinds,i.e.,generalperilsoftheseaandextraneousrisks.Genera
7、lperilsoftheseaincludenaturalcalamitiesandfortuitousaccidents.Naturalcalamitiesarecausedbytheforcesresultingfromthechangesofnatures,e.g.,vileweather,thunder,lightning,Tsunami,earthquake,flood,etc..Fortuitousaccidentsincludeaccidentsresultingfromunexpectedcauses,thecarryingconveyancebe
8、inggr