CAIB 3 Chapter 4- Ocean Marine & Aviation Insurance

5 Methods of Transportation Covered Under Marine Cargo Insurance Policy:

4 Parties Having an Insurable Interest in Cargo Being Shipped:

2 Documents to Determine Insurable Interest of Parties:

Two Items of Focus for Identifying under the Terms of Sale:

Three Questions Addressing the Issue of Insurable Interest under the INCOTERMS:

INCOTERMS:

1. Ex Works:

2. F.O.B (Free on Board)

3. F.A.S (Free Alongside)

4. F.O.R (Free on Rail(FOT- Free On Trailer))

5. C and F ((CFR)Cost of Goods and Freight Charges Paid Until Port of Discharge)

6. C.I.F (Cost, Insurance, and Freight)

Methods of Payment for Goods:

1. Cash in Advance: