ASURANSI EKSPOR IMPOR

Summary

This video provides an in-depth overview of Marine Cargo Insurance, explaining its principles, types, and claims process. The content covers the legal framework under the Indonesian Commercial Code, key insurance terms like indemnity, good faith, and insurable interest, as well as different types of coverage such as Marine Cargo, Hull, and Protection & Indemnity insurance. It also explores the procedural steps for insurance acceptance, risk assessment, and how claims are processed. With practical examples and details on required documentation, this video serves as a comprehensive guide to understanding marine insurance in international trade.

Takeaways

• 😀 Marine Cargo Insurance (MCI) is a type of insurance that protects goods during international shipping against risks like damage, loss, or theft.
• 😀 The insurance agreement involves two main parties: the insurer (insurance company) and the insured (the party receiving the protection).
• 😀 Marine Cargo Insurance is governed by the Indonesian Commercial Code (KUHD), specifically articles 224–246, which outline the insurance principles.
• 😀 Key principles in insurance include insurable interest (the insured must have a financial interest in the goods), indemnity (compensation for loss), and good faith (both parties must act honestly).
• 😀 Common types of insurance policies in marine cargo include all-risk policies, cargo-specific policies, and protection against general average (a shared loss during a ship's emergency).
• 😀 Coverage under Marine Cargo Insurance can be either 'full value' or 'agreed value', with premiums calculated based on goods' value, shipping costs, and potential customs duties.
• 😀 The insurance period for Marine Cargo policies typically covers the duration from the start of shipment until the goods reach the destination, with variations depending on specific policy terms.
• 😀 Exporters and importers are responsible for securing insurance based on agreed international trade terms (Incoterms), with different responsibilities depending on the Incoterm used (e.g., FOB, CIF, etc.).
• 😀 Claims in Marine Cargo Insurance must be submitted with proper documentation, including a claim notice, invoices, and damage reports, for validation and settlement.
• 😀 Common exclusions in Marine Cargo Insurance include damage due to negligence, inherent defects, inadequate packaging, and risks like war or nuclear accidents.
• 😀 Marine Cargo claims are processed through a series of steps: notification of loss, damage assessment, survey, and claim approval or denial based on the investigation results.

Q & A

What is Marine Cargo Insurance?

Marine Cargo Insurance is a type of insurance that protects goods in transit, covering risks such as loss, damage, or theft during shipping, whether by sea, air, or land.

What are the key elements involved in an insurance contract according to the script?

The key elements in an insurance contract include the insurer (the party providing the protection), the insured (the party receiving protection), the uncertain event (accident), the insurable interest (the asset being insured), and the loss or damage covered by the policy.

What are the principles of insurance outlined in the script?

The principles of insurance include insurable interest, indemnity (compensation for loss), good faith, subrogation (transfer of rights), and abandonment (relinquishing ownership of the insured item).

How is the coverage amount determined for marine cargo insurance?

The coverage amount for marine cargo insurance is typically determined based on the value of the goods at the point of delivery, including shipping costs, insurance premium, and any applicable import duties or profits.

What is the role of a policy in Marine Cargo Insurance?

A policy serves as the formal agreement between the insurer and the insured, documenting the coverage details, terms, and conditions, as well as proof of payment and protection.

What is the difference between agreed value and real value in determining coverage?

Agreed value is the amount mutually agreed upon by the insurer and insured for coverage, while real value is based on the actual market value or sales price of the goods being insured.

What are Incoterms and how do they impact insurance responsibility?

Incoterms (International Commercial Terms) define the responsibilities of buyers and sellers in international trade, including who is responsible for insurance. For instance, 'FOB' (Free on Board) means the buyer assumes responsibility for insurance after the goods are loaded onto the ship.

What types of marine cargo insurance policies are commonly used?

Common types of marine cargo insurance include 'Institute Cargo Clauses A' (covering all risks), 'Institute Cargo Clauses B' (covering specified risks), and 'Institute Cargo Clauses C' (covering minimal risks).

What factors are considered when determining whether a marine cargo claim is valid?

A claim may be valid if the loss or damage occurs within the coverage period, is caused by a covered risk, and meets the terms of the policy, including fulfilling necessary documentation and requirements.

What steps are involved in filing a marine cargo claim?

Filing a marine cargo claim involves notifying the insurer, submitting a claim notice to the carrier, providing supporting documentation, and undergoing a survey to assess the damage or loss. The insurer then decides whether to accept or deny the claim.