Part2 Reading I.Answer the following questions. 1 What are the differences between general average and particular average? General average is in use when both the ship and the goods on board are endangered and the captain,for the safety of the ship and the goods on board,intentionally and reasonably does some sacrifices or makes some expenses.Particular average occurs when a storm or fire damages part of the shipper's cargos and no one else's cargos have to be sacrificed to save the voyage. ⑤大连理工大学出版社
Part 2 Reading I. Answer the following questions. 1 What are the differences between general average and particular average? General average is in use when both the ship and the goods on board are endangered and the captain, for the safety of the ship and the goods on board, intentionally and reasonably does some sacrifices or makes some expenses. Particular average occurs when a storm or fire damages part of the shipper’s cargos and no one else’s cargos have to be sacrificed to save the voyage
Part2 Reading I.Answer the following questions. 2 What is the coverage of marine cargo insurance under CIC? Under C.I.C.,there are basic coverage and additional coverage for ocean marine cargo insurance.Basic coverage mainly includes FPA,WPA and All Risks.Additional coverage includes general additional coverage and special additional coverage. ⑤大连理工大学出版社 五王至四
Part 2 Reading I. Answer the following questions. 2 What is the coverage of marine cargo insurance under CIC? Under C.I.C., there are basic coverage and additional coverage for ocean marine cargo insurance. Basic coverage mainly includes FPA, WPA and All Risks. Additional coverage includes general additional coverage and special additional coverage
Part2 Reading I.Answer the following questions. 3 What is All Risks under CIC? All Risks is the most comprehensive basic coverage.Aside from the risks covered under the FPA and WPA,All Risks also covers all risks of loss of or damage to the insured goods whether partial or total,arising from external causes in the course of transit.But it should be noted that"All Risks" does not,as its name suggests,really cover all risks.The "All Risks"clause excludes coverage against damage caused by war,strikes,riots,etc. ⑤大连理工大学出版社
Part 2 Reading I. Answer the following questions. 3 What is All Risks under CIC? All Risks is the most comprehensive basic coverage. Aside from the risks covered under the FPA and WPA, All Risks also covers all risks of loss of or damage to the insured goods whether partial or total, arising from external causes in the course of transit. But it should be noted that “All Risks” does not, as its name suggests, really cover all risks. The “All Risks”clause excludes coverage against damage caused by war, strikes, riots, etc
Part2 Reading I.Answer the following questions. 4 How do we take out additional coverage? No additional risk can be purchased to insure goods independently.General additional risks should go with F.P.A.or W.P.A.and are included in All Risks coverage.Special additional coverage is usually taken out together with FPA,WPA or All Risks. ⑤大连理工大学出版社 五王至夏
Part 2 Reading I. Answer the following questions. 4 How do we take out additional coverage? No additional risk can be purchased to insure goods independently. General additional risks should go with F.P.A. or W.P.A. and are included in All Risks coverage. Special additional coverage is usually taken out together with FPA, WPA or All Risks
Part2 Reading I.Answer the following questions. 5 Explain the cover of FPA,WPA and All Risks as per CIC. (Open.See Part Two Reading) ⑤大连理工大学出版社 王至
Part 2 Reading I. Answer the following questions. 5 Explain the cover of FPA, WPA and All Risks as per CIC. (Open. See Part Two Reading)