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Scope of International Maritime Insurance Liability-Scope

by:VIPUTRANS     2020-05-29
Losses caused by the insured ’s deliberate acts or faults; losses caused by the consignor ’s liability; losses caused by the poor quality or short quantity of the insured goods before the insurance liability begins; Natural losses, essential defects, characteristics and market prices, losses or costs caused by delays in transportation; the scope of liability and exclusions stipulated by the company ’s marine transportation cargo war risk clauses and cargo transportation strike insurance clauses, if these losses occur, no Liable for compensation. Losses caused by the insured ’s deliberate acts or faults; losses caused by the consignor ’s liability; losses caused by the poor quality or short quantity of the insured goods before the insurance liability begins; Natural losses, essential defects, characteristics and market prices, losses or costs caused by delays in transportation; the scope of liability and exclusions stipulated by the company ’s marine transportation cargo war risk clauses and cargo transportation strike insurance clauses, if these losses occur, no Liable for compensation. International freight insurance is the same as other insurances. The insured must have an insurance interest in the subject matter of the insurance. This insurance benefit is reflected in the ownership of the subject-matter insured and the risk responsibility it bears in international freight. For transactions concluded in the form of FOB, FCA, CFR and CPT, the buyer bears the risk after the cargo crosses the ship's rail. Once the goods are lost, the buyer's interests are lost, so the buyer has an insurance interest. Therefore, the buyer as the insured should insure the insurance company, and the insurance contract will only take effect after the cargo crosses the ship's rail. Before the cargo crosses the ship's rail, the buyer has no insurance interest, so it is not covered by the insurer's insurance against the buyer. For transactions concluded by CIF and CIP, insurance is a contractual obligation of the seller. The seller has the ownership of the goods and of course has insurance benefits. The seller insures the insurance company, and the insurance contract takes effect immediately after the goods are shipped from the place of departure.
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Dear customer, Good day, Welcome to VIPU, please describe the cargo information and demand in advance if urgent case please contact Email:info@viputrans.com/Mobile phone :+8613424475220/Skype:narrynisha