x Import -export enterprises, Forwarder, imported goods, export goods, ... need to understand Partial Loss in shipping?
x You are interested and want to discover how to classify maritime losses? What causes partial loss loss?
X You wonder if there is any term in addition to Partial Loss? What is the difference between loss and damage damage?
Join Proship.vn we find out details what Partial loss is? What is the cause of partial loss? Partial loss includes any types of losses with a few illustrations for exporters, importers, businesses, goods owners, ... easy to imagine this common type of loss in the maritime industry.
Definition of loss and loss of loss
Along Proship update the concept of losses and common types of shipping losses:
Definition concept
Losses are the damage and loss of the insurance object due to the insured risks, which can be classified into:
- "Dynamic" loss:
It is the loss of an object due to external impact that reduces the value of the object. For example, the impact of science and technology makes electronic goods obsolete, or the discount of goods for some reason is also considered a dynamic loss. These types of dynamic losses are not insured.
- "Static" loss:
These are the losses that the object itself is damaged, lost or destroyed. This loss is not usually insured, may be:
- The loss of that object itself;
- Loss of costs, foreign currencies arising from the material loss of that object;
- Losses due to income on that object caused by loss of use;
- Loss of liability with others such as two ships hit each other, the A ship is completely at fault, because the A ship is responsible for compensation for the collision ships. This liability loss is also insured.
Classification of losses
There are 2 ways to help distinguish the following losses:
- Parts: Particular Average, General Average;
- Complete losses: Actual Total loss, CONSTRUCTIVE Total loss.
What is Partial Loss, what causes?
To understand the concept of partial loss, the cause of the partial loss, refer to the following content:
What is Partial Loss?
What is Partial Loss? Partial loss Vietnamese meaning is a part of the part. These are losses or damage on part of the insurance object in the insurance contract.
Causes of parts loss
Some of the reasons that Proship recorded include:
- The status of the goods in the transport process;
- The speed of vehicles is not suitable for the exploitation conditions;
- Ventilation is not timely;
- The packaging is damaged during unloading;
- Inappropriate temperature effects (too high or too low temperatures);
- Goods are waterproof, wet;
- Losses caused by insects, harmful microorganisms ...
Classification of partial loss parts
What are the partial loss types? Partial loss is divided into 2 types of losses: Particular Average and General Average:
Particular Average
Particular Average is a loss of each insurance benefit due to natural disasters, unexpected accident.
* For example: On the journey of transporting goods with rain and wind, sea water moisten goods, in this case, the goods owners are responsible for themselves or claim compensation from the insurance company, not allocated this responsibility to the ship owner or other goods owners. This is its own loss.
General Average (General Average)
General Average is the damage that occurred due to the intentional costs or sacrifices of the ship people to save ships, goods or charges from accidents in the shared journey at sea. General loss of General Average is divided into:
- General loss costs: The cost of common loss is the fee to be paid to the third person in case of rescuing ships, the cost of escape so that the ship will continue the journey.
- Sacrifice common loss: sacrificing common losses are damage or costs incurred by direct consequences of general losses.
What is Total Loss? What is the difference between loss and damage damage between loss and damage?
With understanding what Partial loss is, what is Total loss, between loss loss and damage to damage, how to be properly understood:
Total loss
Total loss is the highest level of insurance object, 100% damage to use. But how is the problem of determining 100%, the insuranceers are very difficult to avoid the profit of insurance? Therefore, in the loss of the whole person, it is divided into 2 categories:
Actual Total Loss is the subject of insurance that is completely destroyed, seriously damaged and unusable, often occurs when:
- Goods are completely lost value compared to the original;
- Goods are damaged and completely destroyed;
- The goods are no longer able to regain it, if they get back, they can still be used but the cost is too high;
- The cargo is missing;
Contructive total loss: when goods are not the whole reality above. In the 1906 Maritime Insurance Law for the insured of this right (period 6i), a certain risk was insured in the insurance contract and the insured could not continue the delivery journey at the prescribed destination (intended detination), in this case the insurer is likely to give up more eager to give up more than continue the journey. At this time, the insured will require calculation to claim the actual losses estimated.
Different between losses and damage damage
Between loss losses and damage damage different as follows:
- Loss is loss (loss):
Part of the part is a loss, a risk that the eyes cannot be visible, the hands cannot be touched. For example, when we deliver 10 packages, but when we arrive at the port, there are only 8 packages, so the two packages are lost is the loss that we cannot be determined by the eye or by hand.
- Damage is damage, damage (damage):
Harm is the risk that eyes can see, hands can be touched. For example, when the goods arrive at the target port, it is broken, broken, etc. These losses we can be determined by the eyes, by hand.
What is Partial Loss and the knowledge needs to know about the part that has been shared by Proship. Accordingly, businesses, shippers and import -export owners have any problems about damage and losses of goods that need to be updated with the above knowledge to distinguish them properly before proceeding to claim damages from maritime insurance companies. Contact immediately 0909 344 247 for advice on domestic and international shipping services safe and cheap.
