With the continuous development of international trade, foreign trade transportation and insurance have become an inevitable part of international trade. During the transportation of goods, the risk of cargo loss or damage is also increasing due to various uncontrollable factors, such as sea waves, ship collisions, fires and explosions, etc. Therefore, cargo transportation insurance is particularly important in international trade.
Foreign trade transportation and insurance refers to a form of insurance that provides insurance compensation for loss and damage that occurs during the transportation of goods. According to the different insurance coverage, cargo transportation insurance is mainly divided into three types, namely general marine insurance, all risks and comprehensive insurance.
General marine insurance means that insurance companies only provide insurance compensation for specific risks that occur during the transportation of goods by sea, such as piracy, maritime waves, collisions, etc. All risks means that the insurance company provides compensation for any loss and damage that may occur to the goods during the entire transportation process, regardless of the specific cause and the extent of the loss. Comprehensive insurance combines general marine insurance and all risks to provide a more comprehensive coverage.
In actual operation, foreign trade salesmen need to understand the customer’s cargo situation and specific transportation methods, select the appropriate type of cargo transportation insurance, and calculate the insurance cost based on the insurance rate. In addition, foreign trade salespeople also need to communicate and coordinate effectively with freight forwarders, insurance companies, carriers and other parties to ensure smooth transportation of goods and insurance compensation.
For foreign trade companies, purchasing cargo transportation insurance can not only ensure the safe transportation of goods, but also improve the controllability and stability of cargo transportation and reduce unnecessary economic losses. Therefore, foreign trade companies should pay attention to cargo transportation insurance when conducting international trade, and choose appropriate insurance companies and types of insurance.
In short, foreign trade transportation and insurance play a very important role in international trade. Foreign trade companies need to choose the appropriate type of insurance based on the situation of the goods and the specific mode of transportation, and communicate and coordinate effectively with all relevant parties to ensure the safe transportation of goods and insurance compensation. In international trade, cargo transportation insurance is an indispensable part, which can help foreign trade companies ensure the safe transportation of goods and reduce risks and economic losses.