UT Chapters - Crossword

6. The buying and selling of large quantities of products resale to consumers
9. A document that verifies a product's country of origin.
11. According to this, it is obligatory for the insurer to take steps to minimise the loss to the insured property.
12. The insurance company will find the nearest cause of loss to the property.
13. Natural disasters, war, terrorists acts, pandemics etc.
14. A type of insurance policy in which the insurance company undertakes insuring the life of the policyholder.

1. The insurance provided against the perils of the sea.
2. Once the individual has been compensated for the loss incurred, the rights of the ownership of that property goes to the insurer, i.e. the company.
3. A commitment by the foreign buyer's bank to pay once the exporter ships the goods and presents the documents.
4. When goods are imported, this legal document is filed by the importer/customs agent on their arrival.
5. A legal document between a shipper and a carrier, that specifies the type, quantity, and destination of the goods being carried.
7. It's used as documentation to prepare a bill of lading, and has no legal importance.
8. A bill in which the importer is required by the exporter to pay on demand or at a future date.
10. A document specifying the contents and details of a shipment certified by the consul of the destination country.
15. The insured should not make any profit from the insurance contract.