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Dealing with Incidents in the Logistics Sector

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What is Marine cargo insurance?

(1) Cargo insurance

VOCABULARY

□ □ Marine cargo insuranceMarine cargo insurance covers the risks of loss or damage to goods and merchandise while in transit by any method of transport – sea, rail, road or air - and while in storage anywhere in the world between the points of origin and final destination.

□ A typical cargo insurance policy covers goods in transit via road, rail, sea or air.

Cargo insurance = Seguro de Carga / Mercancías?

SPANISHSPANISH:Seguro de carga o mercancías (Cargo insurance), es una póliza de seguro de carga típica que cubre las mercancías en tránsito por CARRETERA, FERROCARRIL, MAR o AIRE. Proporciona cobertura contra daños accidentales y otros riesgos.

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SPANISHSPANISH:Avería Particular (Particular Average) es un término específico del Derecho Marítimo, y se refiere a la pérdida o daño parcial de la carga o el buque, incluyendo los deterioros por hurto o robo, etc.

(2a) Particular Average (maritime law)

DEFINITION: A loss at sea, as through accident or negligence, it implies a partial damage to or loss of a ship or its cargo affecting only the shipowner or one cargo owner . □ Abbreviation: P.A.

By sea

→ Also called particular average loss.

(2) Particular & General Average (Marine Insurance)

VOCABULARY

→ the word "averageaverage" should be read as "lossloss"

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Cargo transportation insurance is an indispensable and important part of the international logistics. As an international integrated logistics provider. It can help clients to circumvent / prevent shipping risk effectively.

SPANISHSPANISH:Avería General (General Average) este término se refiere a cuando las pérdidas o deterioro de la carga ocurre durante el transporte debido a ciertos peligros ocurridos durante el mismo, como por ejemplo una tormenta.

(2b) General Average (maritime law)

DEFINITION: A loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners. □ Abbreviation: G.A.

By sea

→ Also called particular average loss.

Particular & General Average (Marine Insurance)

VOCABULARY

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Logistics & Transport

(3) Total loss DESTRUCTION of an asset / goods or PROPERTY to the extent that NOTHING of VALUE is LEFT, and the item cannot be repaired or rebuilt to its pre-destruction state.

SPANISHSPANISH:Pérdida total (Total loss) es aquella pérdida que se produce cuando las mercancías están tan dañadas o destruidas que son del todo irrecuperables. En estos caso lo asegurado es pagado en su totalidad.

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Pipeline transportation

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ExercisesACTIVITY 1: Means of transport

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Logistics & Transport

ACTIVITY 2: Dealing with Incidents in the Logistics Sector

(a) There are 3 different types of losses or damages. Can you say what type are the following terms:

(1) Particular average:

(2) Total loss:

(3) General average

Partial damage to or loss of a ship or its cargo

Important loss or damage to a ship or its cargo

Almost total destruction of goods or property

Englishby Matifmarin Business English

Logistics & Transport