Marine Insurance

4. charter party is used in a _________ service.
7. fit and suitably manned and equipped to encounter the perils of the sea
8. duty of both parties in the insurance contract to disclose all material facts about the risk proposed whether requested or not
10. marine insurance is a contract of ______________
14. international trade terms
16. similar to CIF except marine insurance on goods shipped are arranged by the buyer
17. issued when goods are actually loaded on board the vessel
18. issued by carrier covering a carriage involving the participation of succession of carriage

1. bill of lading is used in a _________ service.
2. an insurance contract whereby an insurer is undertakes to indemnify an insured, in the manner and to the extent agreed against marine loss
3. earning of ship-owners for the carriage of goods
4. no superimposed clause or notation which expressly declare a defective condition or the goods and/or packaging that are loaded on board the vessel
5. warranty appeared in the policy
6. without it, insured will claim from the negligent third party as well as the insurer and stands to make a profit
9. warranty do not appeared in policy but incorporated into the policy under marine law
11. an undertaking of the insured that some particular thing shall be done or shall not be done or that some condition shall be fulfilled
12. fact which would influence the judgement of a prudent insurer in fixing the premium or determining whether he will accept the risk or not.
13. insured is only entitled to claim under the insurance if he has insurable interest on the cargo at the time of _______.
15. bl stating the goods or packaging have been loaded on board the ship in a damage or defective condition
16. insurance cover goods in transit which involved in international trade