6 INTERNATIONAL CARGO
TRANSPORTATION
INSURANCE
Understanding:
Risk, Average and Expenses
Cargo insurance clause of PICC (CIC)and ICC
Insurance documents
Exclusions
Duration
W/W, Warehouse to warehouse clause---for basic risks
Shipper’s
Warehouse
Port of
shippment
Port of destination
(terminate 60 days later after
Partial
loss of natural disasters
Breakage of Packing
Rust
WA+ General additional risks
11 kinds
War Risk
Strikes
Failure to Delivery
Import Duty Risk
On Deck Risk
Marine Cargo Insurance Coverage
Risk
Natural Calamities
Heavy Weather
Lightning
Tsunami
Washing Overboard
Flood
Earthquake
Volcanic Eruption
Entry of sea, lake or river water into vessel craft, hold,