ASURANSI DALAM EXPORT IMPORT

Summary

This presentation provides an insightful overview of the role of insurance in export-import activities. It covers various types of insurance, including marine, air cargo, and land transport insurance, which protect goods during transit. Additionally, trade insurance, such as export credit insurance and domestic trade credit, safeguards against non-payment risks. The importance of insurance documents in international trade is emphasized, ensuring protection for exporters and importers from financial loss. The presentation concludes with an acknowledgment of the crucial role insurance plays in minimizing risks across global commerce.

Takeaways

• 😀 Asuransi (Insurance) in export-import protects exporters and importers against risks such as non-payment or loss of goods during transit.
• 😀 Transport insurance includes marine insurance, air cargo insurance, and land transport insurance, each covering specific risks in transportation methods.
• 😀 Marine insurance covers risks associated with goods transported by sea, including rough handling, theft, and fire.
• 😀 Air cargo insurance covers goods in transit by air, ensuring compensation for damages, losses, or delays during flights.
• 😀 Land transport insurance covers goods during overland transit, protecting against theft, accidents, and cargo damage.
• 😀 Trade insurance protects against financial losses if buyers or importers fail to pay for goods due to commercial or political risks.
• 😀 Export credit insurance (ECI) safeguards exporters against non-payment by buyers in international transactions.
• 😀 Domestic trade credit insurance protects sellers against the risk of non-payment by buyers within their home country.
• 😀 Miscellaneous insurance covers cash, valuables, and financial losses due to employee dishonesty or theft during storage or transit.
• 😀 Important risks not covered by insurance policies include poor quality goods, inadequate packaging, intentional delays, and natural damages that aren’t specified in the terms.
• 😀 Insurance is essential for mitigating the uncertainties in international trade, offering financial protection against unforeseen events, ensuring smooth transactions for exporters and importers.

Q & A

What is the purpose of insurance in export-import transactions?

The primary purpose of insurance in export-import transactions is to provide financial protection to exporters and importers against potential risks, such as non-payment from the buyer, damage to goods, or political instability that could affect the transaction.

What types of insurance are relevant for export-import activities?

The relevant types of insurance in export-import include transportation insurance (marine, air, and land), trade insurance (such as export credit insurance), and specialty insurance like goods in transit and risk insurance against political and commercial risks.

What is marine insurance, and how does it protect goods in transit?

Marine insurance protects goods during sea transportation. It covers risks such as theft, damage from accidents, rough handling, and natural disasters that may occur while the goods are in transit by sea.

What is air cargo insurance, and what risks does it cover?

Air cargo insurance covers goods transported by air, protecting against potential risks such as damage, loss, or delay of goods during air transit.

How does land transport insurance safeguard goods in transit?

Land transport insurance protects goods during their transit on land. It covers risks like theft, accidents, and damages that may occur while the goods are being transported by road or rail.

What is trade insurance, and how does it help exporters and importers?

Trade insurance offers coverage for exporters and importers against the risk of non-payment by the buyer or issues like political instability and commercial risks. It helps secure the financial interests of the involved parties.

What is export credit insurance?

Export credit insurance protects exporters against the risk of non-payment by the importer. It covers financial losses if the importer fails to make payments for the goods or services delivered.

Why is it important for an exporter to have insurance in international trade?

Having insurance in international trade is crucial as it minimizes the financial risks associated with shipping goods across borders, such as damage, theft, loss of goods, and delays. It ensures that exporters are financially protected in case of unforeseen circumstances.

What is the role of political risk insurance in international trade?

Political risk insurance protects exporters and importers from losses caused by political events such as government changes, war, or civil unrest, which can disrupt trade and cause financial losses.

How does insurance protect against the risk of goods being damaged or lost during transportation?

Insurance provides coverage for damages or losses during transportation by reimbursing the parties involved for the financial loss incurred due to factors like accidents, mishandling, theft, or natural disasters that occur while goods are in transit.