Definition

　　International cargo transportation insurance is an insurance that uses various goods in the process of foreign trade cargo transportation as the subject of insurance.

　　Main species

　　According to the type of means of transport, there are mainly the following types of insurance:

　　1) Marine cargo transportation insurance

　　2) Land cargo transportation insurance

　　3) Air cargo transportation insurance

　　4) Parcel insurance

　　There are three basic types of transportation insurance: Ping An Insurance, WPA and All Risks.

　　In transportation practice, the insured generally pays all risks for the goods. For special goods or valuables, in addition to any one of the above-mentioned basic insurances, additional insurance can be added after negotiation with the insurance company.

　　All risks: In addition to the above-mentioned "safety insurance" and "water damage insurance", the insurance company is responsible for the shortage, shortage, theft, leakage, collision of the insured goods caused by external reasons during transportation. Damage, broken, hook damage, rain, rust, damp, mildew, odor, contamination and other total or partial loss, also responsible for compensation.

　　Exclusions

　　1. Losses caused by intentional acts or negligence of the insured.

　　2. The consignor is responsible for the loss caused by the natural consumption of the insured goods.

　　3. Losses caused by war, workers' strike or delay in transportation.

　　The starting and ending period of the insurance liability is "warehouse to warehouse", that is, from the time when the insured goods leave the warehouse or storage place at the place of departure specified in the policy, until the goods arrive at the last warehouse or warehouse of the consignee at the destination specified in the policy. storage premises.

　　Premium Calculation

　　The insurance amount is based on the CIF price of the goods. If you want to add insurance, you can add 10%.

　　Formula: Insurance premium = CIF price X (1+10%) X insurance premium rate