What is the purpose of marine insurance?
What will be an ideal response?
Answer: Merchandise that is shipped internationally is invariably insured. The insurance documents must be signed by an authorized representative of the insurance company, its agents, or its underwriters. (An insurance broker's signature is unacceptable.) The insurance must either be issued in the name of the consignee or in the name of the exporter, who can then endorse the policy to the consignee. The value of the insurance must be expressed in the same currency as the currency of the invoice. Otherwise, there would be transaction foreign exchange risk. Firms that do a substantial amount of exporting can purchase insurance policies that are described as "open," or "floating." Such a policy automatically covers all the exports of a firm, which eliminates the necessity of arranging coverage for each individual export order. In such cases, the evidence of insurance is an insurance certificate that the insurance company supplies. The entry of information on the insurance certificate should conform exactly to the information describing the merchandise on the bill of lading, the commercial invoice, and, potentially, the consular invoice.
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Happy Farmer, Inc has 44,000 shares of common stock outstanding and 3,000 shares of preferred stock outstanding
The common stock is $0.08 par value; the preferred stock is 8% noncumulative with a $100.00 par value. On October 15, 2017, the company declares a total dividend payment of $56,000. What is the total amount of dividends that will be paid to the common stockholders? A) $56,000 B) $32,000 C) $3,520 D) $24,000
The initial state of a queuing system (for example, when a restaurant first opens), is referred to as the ________ state
A) steady B) primary C) introductory D) transient E) start-up
A financial manager is evaluating a project which is expected to generate profits of $100,000 per
year for the next 10 years. The project should be accepted if A) the cost of the project is less than $1,000,000. B) this project's expected profits are higher than any other projects the corporation has available. C) the cost of the project is less than the present value of $100,000 per year for 10 years. D) the present value of the project's cash inflows exceeds the present value of the project's cash outflows.
You have run a capacity resource profile on your shop. A process routes products sequentially through resources A, B, C, and D. The capacity resource profile tells you that resource A is scheduled at 95 percent of capacity, resource B at 80 percent of capacity, resource C at 130 percent of capacity, and resource D at 100 percent of capacity. Assuming that the data we used to calculate the capacity resource profile was accurate, what have we discovered about the process A, B, C, and D?
What will be an ideal response?