According to the international insurance market practice, the insured amount is usually based on the total CIF value ().
A. add 10%
B. add 20%
C. add 30%
D. add 40%
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The "warehouse to warehouse" clause means ().
A. the carrier is responsible for the beginning and ending of transportation
B. the insurer is responsible for the beginning and ending of the insurance liability
C. the exporter is responsible for the seizure of the terms of origin and termination of liability
D. the clause that the importer is responsible for the beginning and ending of payment liability
A batch of rice exported by our company lost its original use after being soaked in seawater for a long time due to an insurance accident. The goods can only be sold at a low price after arriving at the port of destination. This kind of loss is called ().
A. particular average
B. total loss
C. actual total loss
D. constructive total loss
A company exported a batch of goods on CIF basis, but all the goods were lost due to the shipwreck on the way. Hence, ().
A. payment may not be made by the buyer on account of the fact that the goods have not arrived
B. the buyer shall pay against the full set of documents provided by the seller
C. the buyer can claim compensation from the carrier
D. it is up to the bank to decide whether to pay or not
A certain batch of export goods have been covered with W.P.A. insurance. In case of partial loss of the goods due to rain during transportation, the insurance company will ().
A. be responsible for the compensation of the whole shipment
B. be responsible for the compensation for the wet part
C. will not compensate
D. is responsible for the compensation of the wet partwith the consent of the insured
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