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constructive total loss ctl unlike the actual total loss ctl is not a physical loss and is not absolute ctl may be defined as a total loss when the
actual total loss atl an actual total loss may occur in three ways firstly when the insured cargo is physically destroyed when fire in the hold of
strike perils in marine insurance strike perils mean events which lead to loss or damage to cargo caused byi strikes lock-out workmen or persons
war perils war perils covered by the institute war clauses refer to following eventsi war civil war revolution rebellion insurrection or civil strike
extraneous perils these are the incidental perils to which the cargo is exposed these are caused mainly on account of the faults in loading keeping
kinds of perils the cargo insurance policy can be as wide as to cover all possible kinds of risk and losses to which cargo could be exposed in
indemnity and insurable value the insurance contract is in the nature of indemnity the literal meaning of indemnity is protection against loss or
marine insurance contract article 3 of the indian marine insurance act 1963 defines marine insurance contract as it is an agreement whereby the
nature of cargo insurance policya marine or cargo insurance policy has an international character and therefore a policy taken in one country is
commercial dimension from the point of view of an exporter a transaction is complete as soon as the importer either pays for the bill of exchange on
legal dimension when the goods are in transit from the exporter to the importer they are at different stages in the custody of different agencies
need for cargo insurance why should the goods be insured there are two reasons for securing the insurance cover the first reason concerns the legal
introduction cargo insurance commonly known as marine insurance occupies an important position in international business it provides protection
in portfolio analysis the business views its product lines and business units as separate investments each responsible for producing a positive
objectivesafter studying this unit you should be able to 1 describe the need of cargo insurance in international business2 explain various kind of
select an existing business that aligns their business strategy with employee performance you may also use your own company consider the effect this
corporate parenting is a type of business strategy that views a corporation in terms of resources and capabilities in an effort to develop business
select an existing business that has recently launched a new product you may also use your own company consider how the organizations marketing
your own company consider how this organization has developed their strategic management then write an original article addressing how this
at this time take a step back and clear your head spend a few moments in deeper thought about yourself in a self-evaluative manner then describe how
over the next three weeks you will perform a swot analysis specific to your topical area for your case study this swot analysis will become appendix
after reading through the articles provided in your assigned reading and research review one of the articles using the following format with the
linking strategic organizational initiatives to purpose mission and visionselect an existing business that is entering into a new or emerging market
ecgc schemes for covering exchange risks the ecgc has evolved two schemes to provide greater protection to exporters of capital goods and turnkey
cancellation and extension of forward contracts if the exporter is not able to deliver even within the option period he may approach to the bank