EXERCISES OF INSURANCE PART 1 1 A shipment of 10,000 USD is insured with the amount 8,500 USD Damaged value in transit caused by the agreed risks is 8,000 USD Pls calculate the amount of compensation.
Trang 1EXERCISES OF INSURANCE PART 1
1. A shipment of 10,000 USD is insured with the amount 8,500 USD Damaged value in transit caused by the agreed risks is 8,000 USD Pls calculate the amount of compensation
8,000/10,000 x 8,500 =
2. A shipment of 10,000 USD is insured for full value, deductible amount indicated in the insurance is 1,500 USD Damaged value in transit caused by the agreed risks is 8,000 USD Pls calculate the amount of compensation
Số tiền bảo hiểm = 8.000 – 1.500 = 6500
3 A contract of insurance has the data as below
Insurable value: 10,000 USD
Insurable amount: 8,000 USD
Deductible: 5 % of value of the loss / damage (but not less than 500 USD)
Damaged value: 3,500 USD
Pls calculate the amount of compensation?
Mức khấu trừ = 0,05 x 3.500 = 175 <500 (nên lấy là 500 USD)
Số tiền bảo hiểm = (3.500/10.000 x 8.000) – 500 = 2300
4. Value of a shipment 2,000,000 USD (understood as CFR price) which is insured for its CIF value plus 10% of anticipated profit), R = 0.5% Pls calculate I
Phí bảo hiểm = (C+F) / (1-R) x (a+1) x R= 2.000.000 x (1+0,1) x 0,05/(1-0,05) = 11055,2763
5 Vinafood has imported 10,000 tons of wheat powder, the total value on the invoice is 2,500,000 USD (understood as FOB Incoterms 2010) The total forwarding cost (Freight) is 60,000 USD; R= 0,3% The company has effected an insurance for 110% CIF value Pls calculate I
Phí bảo hiểm = [(2.500.000 + 60.000) x (1 + 10%) x 0,3%] / (1 – 0,3%) = 8.473 USD
6 A shipment with the value 20,000 units of currency is insured by 2 contracts of insurance for the same covered risks
1st contract: insurable amount = 8,000
2nd contract: insurable amount = 14, 000
Value of damage = 11, 200
Pls calculate the amount of compensation paid by each contract
CĐ khỏi làm
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Trang 27 Company X importing 400,000 bags of wheat powder with value 3,200,000 USD had concluded a contract of insurance with ICC-2009- clause A for 110% value of the above
shipment On arrival, the conditions of the goods are as below:
7,000 bags were wet (in which 5,000 bags were soaked and totally damaged; 2,000 bags were partially damaged and reduced by 30% value)
3,000 bags were torn which led to a reduction in value of 30% of these bags (there
is a remark in the Bill of Lading that “bags are rotten, some are torn”)
What is the amount which the insured can claim from the insurer?
STBT = [(5.000 + 2.000 x 30%) x 3.520.000] / 400.000 = 49.280 USD
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