Determination of insurance amount of domestic transport goods

Domestic waterway and land cargo transportation insurance determines the insurance amount on the basis of CIF.

The insurance amount of domestic cargo transportation insurance is determined by the method of fixed value insurance, and the insurance amount can be determined by the insured and the insurer through specific negotiation. Generally, the insurance amount can be determined according to FOB, CIF and destination market price.

FOB refers to the selling price of the goods at the place of shipment, that is, the delivery price at the place of shipment; CIF refers to the sales price of goods at the place of departure plus various transportation and miscellaneous fees at the destination; The destination market price is the selling price of the insured goods at the destination. The insurance amount of domestic waterway and land cargo transportation insurance of most property insurance companies is determined according to CIF.

The insured amount of domestic cargo transportation insurance is determined by the fixed value method and stated in the insurance policy, which is the maximum compensation amount for the loss of the subject matter insured. According to the provisions of the insurance clauses, the insurance amount of domestic waterway and land cargo transportation insurance is calculated and determined according to the price plus transportation miscellaneous fees and insurance premiums.

The rate of cargo transportation insurance also mainly depends on payout ratio, but since cargo transportation insurance is different from other property insurance, the following factors should be considered when formulating its rate:

1, mode of transportation. The risks faced by goods in transportation vary with different modes of transportation, and the insurance rate should be; There should be a difference. There are three modes of transportation:

(1) "drop shipment" means that only one means of transport is used to transport the goods from the place of departure to the destination, even if the goods need to be transshipped midway, the means of transport used for transshipment also belong to the same category.

(2) "Multimodal transport" refers to the transport of goods by two or more different main modes of transport using the same transport document, which generally includes land transport, river-sea transport and land-air transport. Through transport goods are insured with freight insurance, and the rate is higher than that of direct transport goods.

(3) "Container transportation" means packing scattered goods in large standardized containers. Because container transportation can realize the unitization of shipment, it can simplify or even avoid the loading, unloading and transshipment of goods along the way, thus improving the efficiency of cargo transportation, speeding up the turnover of ships and reducing the damage and shortage of goods. Because of the above advantages, the freight rate of goods transported by containers, such as cargo insurance, is lower than that of other modes of transportation.

2. Means of transport. Different modes of transportation lead to different opportunities for goods to get out of danger. For example, the probability of a train accident is smaller than that of a car. Even if it is the same mode of transportation, the rate is different because of the different load. For example, ships with small tonnage have higher rates than ships with large tonnage.

3. Transportation distance. The length of transportation routes and regional differences will have an impact on the premium rate of cargo transportation insurance.

4. Nature of the goods. The different nature of goods often determines the degree and opportunity of damage to goods, so the rates are different.

5. Insurance coverage. The coverage of comprehensive insurance is wider than basic insurance, so the rate of comprehensive insurance is higher than basic insurance.

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