War perils, Marketing Research

Assignment Help:

War Perils: War perils covered by the Institute War Clauses refer to following events:

i) War, civil war, revolution, rebellion, insurrection or civil strike or any hostile act by or against a belligerent power;

ii) Capture, seizure, arrest, restraint or detainment of carrier or. craft arising from event mentioned in (i) above. Thus, confiscation by the customs authorities of goods being smuggled cannot be insured; and

iii) Derelict (abandoned) mines, torpedoes, bombs or other derelict weapons of war. It is clear from the above that war risk insurance is not only against hostile or warlike acts but also for perils which continue to exist even after war is over.

War risk cover is provided with certain restrictions about the duration of the cover. Some of the major r castrations are:

a) The cover is restricted to the period while the goods are water-borne in the ship or are in the craft;

b) The cover attaches as the goods are loaded into the vessel /air craft or craft used to carry the goods to the vessel;

c) The cover terminates either as the goods are discharged from the vessel /air craft at the final port of discharge or on the expiry of 15 days from the midnight of the day of the annual, whichever is earlier. The limit of 15 days also applies to cases where vessel /air craft carrying cargo cannot go to the final port and the cargo is discharged it some other port; and

d) In the case of sea shipments, the 15-day limit does not apply where cargo after being discharged from the overseas vessel into a craft for delivering the cargo to the shore. The time limit for goods in crafts is 60 days after discharge from the overseas vessel.


Related Discussions:- War perils

Manufacturers of plastic household items, Trans-European Plastics (TEP) is ...

Trans-European Plastics (TEP) is one of Europe's largest manufacturers of plastic household items. Its French factory makes a range of over 500 products that are sold to wholesaler

R Studio help, I am looking for help working on an R Studio problem and do ...

I am looking for help working on an R Studio problem and do not understand the software or statistics at all ; it is for my marketing research class. Can anyone help me with one on

Stages of shipment, STAGES OF SHIPMENT : For effecting shipment from ports...

STAGES OF SHIPMENT : For effecting shipment from ports in India, the exporter, generally through his clearing and forwarding agent, has to comply with procedural formalities of th

Example to have the consumer reflexively, Q. Example to have the consumer r...

Q. Example to have the consumer reflexively? A special issue in memory are consequently called 'scripts' or procedures we remember for doing things. Scripts involve a sequence

Databases, 4 types of maintaining a database and description

4 types of maintaining a database and description

Brand promotion, brand promotion technique can benefit an organization by i...

brand promotion technique can benefit an organization by increasing its sales or hitting competitive brands may leave a negative impression on the customers?

Comparison between sampling errors and non sampling errors, a.Sampling erro...

a.Sampling error is measurable while it is not easy to measure a non sampling errors. b.Sampling error decrease as the sample size increase. This is not necessarily so in the ca

Job evaluation points salary survey, Below is a set of data, which you are ...

Below is a set of data, which you are to plot. Then tell me how many pay structures and what jobs should be included in the pay structure(s). In your answer you are to show me the

Alternative hypotheses, A review of 100 opera patrons was conducted.  Respo...

A review of 100 opera patrons was conducted.  Respondents were asked how often they attended the symphony in a neighbouring city.  The frequency of attendance was partitioned into

Investigate the planning principles or marketing strategy, Investigate the ...

Investigate the planning principles and range of tools and techniques involved in developing a general or marketing strategy (a) Select an organisation to use as a case study or

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd