Cost involved in cargo transportation insurance Maritime risks also result in expenses, mainly including rescue costs and salvage costs. The so-called rescue cost refers to the expenses incurred by the insured or its agent or the insurance policy assignee in taking out various measures in order to avoid or reduce the loss of the insured goods in the event of a disaster accident within the scope of the insurance liability. . The so-called bailout fee refers to the remuneration paid by the rescued party after the insurer or a third party other than the insured has taken effective rescue measures. The insurer is responsible for compensation for the above expenses, but the sum does not exceed the insurance amount. Risk involved in cargo transportation insurance The insurance industry divides the risk of sea cargo transportation into maritime risks and external risks. Risk is the cause of the loss. A. Maritime risk Marine risks include natural disasters and accidents. Natural disasters refer only to severe weather, lightning, floods, drifting ice, earthquakes, tsunamis, and other irresistible disasters, rather than disasters caused by general natural forces. Accidents, mainly including major accidents with obvious marine characteristics, such as ship stranding, reefing, sinking, collision, fire, explosion and disappearance. B. External risks External risks refer to various risks other than maritime risks, which are classified into general external risks and special external risks. General external risks. Refers to theft, broken, leaking, smudging, dampness and heat, odor, rust, hook damage, short amount, fresh water and rain. Special external risks mainly refer to risks caused by military, political and administrative laws and other reasons, resulting in loss of goods. Such as war, strike, delivery, rejection, etc. Loss involved in cargo transportation insurance The loss of goods transported by sea is also known as the "Average", which refers to the loss of goods caused by maritime risks during the maritime transport. The sea loss also includes the loss of goods during land transport and inland water transport connected to the sea. Maritime losses can be divided into total losses and partial losses according to the extent of the losses. A. All losses All losses, also known as total losses, refer to the total loss of the insured goods, the actual total loss and the presumed total loss. The actual total loss means that the goods are completely lost or completely deteriorated and no longer have any commercial value. Presumed total loss refers to the damage to the goods after the risk is suffered. Although the actual loss is not reached, the actual total loss is inevitable, or the cost paid to avoid the actual total loss and the cost of continuing to deliver the goods to the place. The sum exceeds the insurance value. It is assumed that the total loss must be verified by the insurer. B. Partial loss Losses that are not actual total loss and estimated total loss are partial losses. According to the cause of the loss, it can be divided into general average and individual average. In the course of maritime transport, ships, cargo or other property encounter common dangers. In order to relieve common dangers, special sacrifices and special expenses directly incurred by intentional rescue measures are called general average. After the general average of the ship, the sacrifices and expenses within the scope of the general average may be apportioned by the relevant beneficiaries (ie the ship’s side, the cargo side and the freight income party) according to the salvage value through the general average. Then claim from the respective insurer. The factors involved in the assessment of general average are more complex, and are generally adjusted by a special average adjustment agency. Without the general average nature, the loss of the total loss is called a single average. This loss relates only to the unilateral loss of interest of the ship or the owner of the goods. According to the insurance regulations, all losses and general averages caused by maritime risks are covered by the insurer regardless of the type of insurance. In the case of presumed total loss, the insured may choose to claim the total loss or partial loss because the goods are not completely lost. If the total loss is handled, the insured shall submit a 'notice notice' to the insurer. The owner of the residual subject matter shall be delivered to the insurer and, after being accepted by the insurer, may be compensated for the total loss.