Marine Cargo Insurance Guide |
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Latest Posts on: Marine Cargo Insurance Guide
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Closing of Cargoes Insurance
For each shipment of goods to be transported by a ship, coverage should be closed. If not, the carrier will not transport the goods. In general, the insurance of the goods took place during shipment from one port to the port of destination, and usually take place on the basis of “at and from” which [...]..
Posted on 18 January 2012 | 6:00 pm
Marine Risks Insurance / Coverage Exclusion
Among the many risks that could cause loss / damage to insurable interest, there are risks that are excluded from coverage closure. Means not covered by the policy, whether asserted/explain in the policy and terms of closure or not. Risks that the excluded are as follows. (1) Any loss / damage is not caused directly [...]..
Posted on 18 January 2012 | 5:59 pm
Marine Cargo Insurance
Price of coverage (insured value) of cargo transported by sea can be determined by the price of goods at the place of shipment and on time shipment. Price of coverage can also be determined by the price of cargo plus the cost of loading into the ship and insurance premiums. Onwards, the price of the [...]..
Posted on 16 January 2012 | 3:27 pm
Partial Loss
Loss / damage to the other smaller than the total losses (total loss), the loss / damage that does not include actual total loss, constructive total loss, the total loss alleged (Presumed total loss), and also does not include common sea losses (general average), then the loss / damage is thus a partial loss. Partial [...]..
Posted on 7 December 2011 | 3:21 pm
Actual Total Loss
If the ship sinks and can no longer be saved or vessel damage such that it can no longer be used as a means of transportation, means the owner of the ship to lose possession and use of the vessel is permanently and forever, then the losses in such an actual total loss. If the [...]..
Posted on 7 December 2011 | 3:19 pm