Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Strike Perils : In marine insurance, strike perils mean events which lead to loss or damage to cargo caused by:
i) Strikes, lock-out workmen or persons taking part in labour disturbances, riots or civil commotions; and
ii) A ten or is for any person acting from a political motive.
It is clear from the above that strike perils are not only the ones which are caused by the striking workmen. These also include perils caused by the political activities, who participate or lead the strike. In fact, strike perils, as opposed to war perils are the handiwork of citizens of the same country. The perils covered under the Institute's Strike Clauses supplement of the perils covered under the Institute War Clauses. It is, therefore, customary for war and strike risks to be covered jointly on payment of a single premium. However, strike clauses have been so designed that they can be used separately from the war risk cover.
Regarding the duration of the cover, the strike risks cover is from warehouse of the exporter to warehouse of the importer. It exists throughout the whole period of transit. This stipulation is in contrast to the IS-day time limit for war risks cover at either the final port of discharge or at an intermediate port. However, even when cover is from the warehouse of the seller to (hat of the buyer, there is an implied time limit for transport of cargo from the final port of discharge to the warehouse of the buyer. This time limit is 60 days in the case of marine (sea) transit and 30 days for air transit, after the final discharge at the port.
OBJECTIVES After Studying this unit, you should be able to: 1. Describe the procedure of Pre-shipment Credit; 2. Explain various types and procedure of Post-shipment Cr
Identify three or more of the secondary sources of information available to REI.
Introduction : In the Previous we learn the importance and the role of experts in a developing country like India as well as the policy framework in which exporting firms operate
Open Policy : Also known as Floating Policy, it has much in a common with the Open Cover. This policy benefits clients with substantial turnover and a large number of despatches
Question 1: "Marketing Research is a systematic and planned formal approach to the collection of marketing information." This implies that there is a formal marketing research
This brief case study highlights the risks a company might face if it makes the wrong call in relation to its ethical marketing policies. The case study discusses the case of Cadbu
Specific Policies : Contracts for export of capital goods or projects for construction works and for rendering services abroad are insured by ECGC on a case to case basis under sp
RatLand is a large family theme park located in central Texas. Over the years a visit to Ratland has been institutionalized as a prime "have to" experience for children growing up
FOREIGN EXCHANGE REGULATION CONCERNING EXPORTS : Export of goods is the most important foreign exchange earner for the country and the law provides that foreign exchange in paymen
Q. Define the Classical conditioning? Pavlov's near the beginning work on dogs was known as classical conditioning . Pavlov exposed that when dogs were fed meat powder they sa
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd