lOMoARcPSD|29486573 Tổng Hợp Bài Tập Vận Tải Biển - Môn Hàng Hải 101 Insurance in International Trade (Trường Đại học Ngoại thương) Scan to open on Studocu Studocu is not sponsored or endorsed by any college or university Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise Exercise 1 Hung Vuong Vessel with insurance value of 10mil transported cargoes of Tocontap (rice, 2 mil in value), and Vinafood 1 (tea, 3 mil in value), Vinafood 2 (coffee, 3 mil in value). During the trip, the storm came and blew away 500,000usd of coffee in the sea. The master decided to threw cargo of Tocontap, loss of 1 mil, for the safety of the whole trip. Freight of all cargoes that will be collected at destination is 500,000usd. The master also decided to speed up the vsl, avoiding the storm are. At port of destination, the master announced GA and asked all the shipper to pay deposit. The repair cost of machine is 200, 000usd,. Calculate the contribution to this GA R=1/15 Exercise 2 A vessel with insurance value 10mil transported cargo of shipper A(1mil) and shipper B (2mil), freight to collect was 300,000USD. During the shipment, the storm came and blew away 200,000USD of shipper B. The master decided to throw cargo of shipper A (200,000USD) into the sea and speed up the engine of vessel. At the port of destination, the master declared G/A and asked shipper A and shipper B pay bond for G/A. Repair cost of engine was 300,000USD. The contribution of shipper B for this G/A is: GA=0,5 V=10+(1)+(2-0,2)+0,3=13,1 R=5/131 Contributing value Cargo B= 0,2 - 0 khum ho? Contributing value of cargo B= Rx(2-0.2) a. …68,702.2901USD………………… b. 52,000USD c. 68,000USD d. 100,000USD Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 3 An importer of Vietnam imported 10,000MT of fertilizer, price is 380USD/MT CIF PhuMy Incoterms 2010. Freight is 30USD/MT, and the insurance rate is 1%. The insurance value of this shipment is: a. 4,141,414USD b. 4,555,555USD → Kem ra cái nay c. 3,800,000USD d. 4,180,000USD Exercise 4 In the trip from Vietnam to India, the Vessel (V= 12mil) carrying cargoes of Vinafood 1 (1mil), Vinafood 2(2mil) and Namviet (2 mil). Freight to collect is 500,000 USD. In the storm, cargo of Vinafood 2 got wet, total loss of 300,000USD. The Master decided to throw cargo of Namviet into the sea, total loss of 500,000 USD, then speed up the engine to be fast back to the port of destination. He declared GA and asked consignees to pay GA bond. The contribution of Vinafood 2 is: a. 10.500 USD b…………………………………… c. 5500 USD d. No contribution → 49.4186 Exercise 5 A company in Vietnam imported milk powder from Australia with price of 200USD/MT CFR Cat Lai, Incoterms 2010. The storm came suddenly during the trip and 20% of cargo got wet as result of sea water. In order to run faster to avoid the storm, the shipmaster decided to throw cargo into the sea and speeded up the engine. Then, he declared General Average. At the port of destination, shipmaster asked shipper to pay bond for this G/A. Calculate this G/A and contribution of each party. More information: Insurance value of vessel is $2 mil. Total cargo is 50,000 packages (50kg/p). Freight is $28/MT FIO, to collect (I=O=S=T= 1USD/MT). Repair cost of engine is $80,000. Total cargo of jettison is 5,000 packages Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 6 A company in Vietnam imported cement from Korea with price of 300USD/MT FOB Busan, Incoterms 2010. The storm came suddenly during the trip. In order to run faster to avoid the storm, the shipmaster decided to throw cargo into the sea and speeded up the engine. Then, he declared General Average. At the port of destination, shipmaster asked shipper to pay bond for this G/A. ● Calculate this G/A and contribution of each party. More information: Insurance value of vessel is $2 mil. Total cargo is 100,000 packages (50kg/p). Freight is $28/MT FIO, to collect (I=O=S=T= 1USD/MT). Repair cost of engine is $100,000. Total cargo of jettison is 10,000 packages. R=1% ● How much would the insurer indemnify the shipper if the Vietnamese shipper insured his cargo with B clause, QTC 1990? ● How much would the insurer indemnify the ship-owner if the vessel was insured with All Risk clause ITC 1995? Exercise 7 Aviation liability insurance for passengers covers: A. Third party’s loss and damage C B and D B. Passenger’s death and injury D. Loss and damage of passengers luggage Exercise 8 A company in Vietnam imported milk powder from Australia with price of 800USD/MT CFR Cat Lai, Incoterms 2010. During the trip, the vessel collided into an iceberg, water got into the vessel and 25% of cargo got wet as result of sea water. The vessel was broken with a hole (the vessel was repaired later at port of destination with cost of 500,000USD). In order to stop sea water enter from the hole, the shipmaster decided to use cargo 500,000USD to fix the hole then throw cargo into the sea to run faster, together with speeding up the engine. Then, he declared General Average. At the port of destination, shipmaster asked shipper to pay bond for this G/A. More information: Insurance value of vessel is $10 mil. Total cargo is 500,000 packages (50kg/p). Freight is $28/MT FIO, prepaid (I=O=S=T= 1USD/MT). R= 1%. Repair cost of engine is $100,000.Total cargo of jettison is 5,000 packages. a. Calculate this G/A and contribution of each party. Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 b. How much would the insurer indemnify the shipper if the Vietnamese shipper insured his cargo with B clause, QTC 1990? c. How much would the insurer indemnify the ship-owner if the vessel was insured with All Risks clause ITCH 1995? Exercise 9 10,000 MT of rice with insurance value of $200.000USD, were insured with insurance amount of $160,000. Partial loss of rice was $100,000 by insurable risks. How much would the insured be indemnified? a. 100,000USD c. 80,000USD b. 40.000USD d. 500USD Exercise 10 A shipment of cargo by sea was insured with insurance amount of $30,000. At the port of destination, as waiting for the berth, the vessel was anchored out of the port. At the time of waiting, vessel was burned and all cargoes were lost at actual total loss. How much will the shipper be indemnified by the insurer? a. 33.000USD b. 30.000USD c. 30.000USD + firefighting cost d. No indemnity as waiting is an exclusion Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Bài tập có giải Exercise 1 Exercise 2 Exercise 3 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 4 Exercise 5 It took 2.5 months for a vessel departing from Vietnam to German. The vessel transited in Suez after 1 month, then lost track from Suez. How long would this Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 vessel be considered to be missing under UK maritime law and vietnam marine code. - UK Maritime Law: 3 < x < 6 + 2.5 x 3 = 7.5 (months) => 6 tháng là được báo mất tích - Vietnam Marine Code: x > 3 + Time since the vessel lost track: 2.5 - 1 = 1.5 (months) + 1.5 x 3 = 4.5 (months) => 4.5 tháng là được báo mất tích Exercise 6 10,000 MT of rice with an insurance value of $500,000, were insured with an insurance amount of $250,000. Partial loss of rice was $100,000 by insurable risks. How much would the insured be indemnified? A<V => phần đền bù = tổn thất x A/V = 100,000 x 250,000/500,000 = 50,000 USD Exercise 7 A Malaysian Company imported 30,000MT from Vietnam, with a price of 350 USD/MT FOB Cat Lai HCMC, Incoterms 2020. Rice was packed with 100kg per package. At port of destination, some cargoes were lost and damaged, survey report noted as follows: a. 100 p were damaged because of fire 150 p were lost during discharging at port of destination 200 p were lost because carrier sold them to pay for fuel 120 p were wet because of sea water entry 200 p were lost because of broken packages, 50% loss 50 p were wet because of rain damage 100 p got wet because the hold of the vessel was not ventilated. Calculate the insurance amount and insurance premium (clause B ICC 1982 with R= 1%; freight = 20 USD/MT). Survey cost was 500 USD b. Calculate the indemnity payment. If cargoes were insured with A ICC 1982? - Fire: A B C - Lost: A B - Carrier sold them: exclusion ( because it is Insolvency) - Sea water entry: A B - Lost because of broken packages, 50% loss: A (100: 100 này là vì nó chỉ có 50% loss) - Rain damage: A - The hold was not ventilated: exclusion Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 a. Clause B ICC 1982 with R = 1%; freight = 20 USD/MT. Survey cost = 500 USD. A = V = (C + F)/(1 - R) = [(350 + 20)/(1 - 1%)] x 30000 = 11212121.21 (USD) I = 11212121.21 x 1% = 112121.2121 (USD) b. Clause A ICC 1982 Partial loss = 100 + 150 + 120 + 100 + 50 = 520p = 52 (MT) D = (52/30000) x 11212121.21 + 500 = 19486.34343 (USD) Exercise 8 A Malaysian company imported 20,000MT from Vietnam, with price of 550USD/MT CFR Klang Port Malaysia Incoterms 2020. Sugar was packed with 100kg per package . At port of destination, some cargoes were lost and damaged, survey report noted as follows: - 150p were damaged because of washing overboard - 250p were lost during dischargin at port of distress - 180p were lost because carrier sold them to pay for fuel - 120p were wet because of sea water entry - 200p were lost because of broken packages, 50% loss - 50p were wet because of rain damage - 120p were got dirty because the hold of vessel was not clean a. Calculate the insurance amount and insurance premium (clause B ICC 2009 with R = 1%; freight = 20USD/MT). b. Calculate the indemnity payment. If cargoes were insured with A ICC 2009? - Washing overboard: A B - Lost during discharging at port of distress: A B C - Carrier sold: exclusion - Sea water entry: A B - Broken packages: A (100 vì 50% loss) - Rain damage: A - Unclean hold: exclusion a. Clause B ICC 2009 with R = 1%; freight = 20 USD/MT. A = V = (C + F)/(1 - R) = [550/(1 - 1%)] x 20000 = 11111111.11 (USD) Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 I = 11111111.11 x 1% = 111111.1111 (USD) b. Clause A ICC 2009 Partial loss = 150 + 250 + 120 + 100 + 50 = 670p = 67MT D = (67/20000) x 11111111.11 = 37222.22222 (USD) Exercise 9 A Korean company imported 50,000MT coffee from Vietnam, with price of 630USD/MT CIF Busan Port Korea Incoterms 2020. Coffee was packed with 100kg per package. At port of destination, some cargoes were lost and damaged, survey report noted as follows: 180p were damage because of fire 200p were damaged because of washing overboard 250p were lost during discharging at port of distress 180p were lost because carrier sold them to pay for hire 120p were wet because of sea water entry 200p were lost because of broken packages, 50% loss Shipper paid 1000USD to repack the cargo 50p were wet because of rain damage 120p were got dirty because the hold of vessel was not clean Calculate the indemnity payment. If cargoes were insured with A ICC 2009? - Fire: A B C - Washing overboard: A B - Lost during discharging at port of distress: A B C - Carrier sold: exclusion - Sea water entry: A B - Broken packages: A (100 vì 50% loss) - Rain damage: A - Unclean hold: exclusion a. Clause B ICC 2009 with R = 1%; freight = 20 USD/MT. Survey cost = 600 USD. A = V = 110%CIF = 1.1 x 630 x 50000 = 34650000 (USD) I = 34650000 x 1% = 346500 (USD) b. Clause A ICC 2009 Partial loss = 180 + 200 + 250 + 120 + 100 + 50 = 900p = 90MT D = (90/50000) x 34650000 + 600 + 1000 = 63970 (USD) Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 10 A Japan Company exported 50,000 MT to Vietnam, with price of 550USD/MT CFR Kobe port Japan Incoterms 2020, crude oil. Vessel was missing after leaving port of loading. Calculate the insurance amount and insurance premium (Clause B ICC 2009 with R = 1%; freight = 20USD/MT) CFR -> FOB A = V = (C+F)/(1-R) = (550 x 50,000) / (1 - 1%) = …. I=VxR Exercise 11 An australian company exported 45,000MT from vietnam, with price of 350USD/MT CIF Cat Lai HCMC, incoterms 2020. wheat was packed with 100kg per package. at port of destination, some cargoes were lost and damaged, survey report noted as follows: 100p were lost because of jettison 50p were lost during discharging at port of destination 200p were lost because carrier sold them to pay for fuel 150p were wet because sea water entry 200p were lost because of broken packages, 50% loss 50p were wet because of rain damage 100p were got dirty because the hold of vessel was not clean. Calculate the insurance amount and insurance premium (with R = 1%; freigh = 20 USD/MT) Calculate the indemnity payment. if cargoes were insured with A ICC 1982? - Jettision: A B C - Lost during discharging at port of distress: A B C - Carrier sold: exclusion - Sea water entry: A B - Broken packages: A (100 vì 50% loss) - Rain damage: A - Unclean hold: exclusion a. R = 1%; freight = 20 USD/MT A = V = 110%CIF = 1.1 x 350 x 45000 = 17325000 (USD) Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 I = 17325000 x 1% = 173250 (USD) b. Clause A ICC 1982 Partial loss = 100 + 50 + 150 + 100 + 50 = 450p = 45MT D = (45/45000) x 17325000 = 17325 (USD) Đề thi Bài tập zalo cô Ngà Question 17: Ship A carries a shipment of export goods insured at equal value, of which: Shipper X's is $120,000; Goods owner Y is $80,000; Shipper M is $100,000; Ship A is insured for the same value with an insurance amount of 200,000 USD. During the journey, the ship ran aground and its hull was damaged; A shipment of industrial glass from owner M broke and caused a loss of $10,000. To escape, the captain ordered a package Y worth of $20,000 to be thrown into the sea, the cost involved was $2,000. At the destination port, while loading and unloading, a package belonging to shipper X fell Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 into the sea and was missing, worth 10,000 USD; Ships repaired at port for up to $15,000. The captain then declared general average contributions. Knowing that cargo owner Question 18: Ship A worth 20 billion VND collided with ship B. Ship A's hull was seriously damaged, estimated to be 50% damaged. Suppose two ships have hull insurance of equal value and the court determines the fault of the two ships as follows: ship A is 40% at fault and ship B is 60% at fault. Ship B: the ship's hull is damaged, expected to cost 400 million VND to repair. Goods B transported on ship B suffered damage of 15 million VND. Calculate the amount that hull insurance company A will have to compensate? Question 16: Ship A worth 30 billion VND collided with ship B. Ship A's hull was seriously damaged, estimated to be 50% damaged. Suppose two ships have hull insurance of equal value and the court determines the fault of the two ships as follows: ship A is 60% at fault and ship B is 40% at fault. Ship B: the ship's hull is damaged, expected to cost 400 million VND to repair. Goods B transported on ship B suffered damage of 15 million VND (calculated at CIF price). Calculate the amount of compensation the insurance company pays for the goods on ship B (to the ship B's owner), knowing that the goods are insured according to Incoterm 2000? Question 15: The ship CONG KHUNH carries a shipment of export goods insured at equal value, of which: Shipper X's is $120,000; Owner Y is 80,000 USD. The ship is insured for the same value with an insurance amount of 250,000 USD. The boat ran aground and was damaged. To escape, the captain ordered the entire Y cargo to be thrown into the sea, the cost involved was $22,000. At the destination port, while loading and unloading, a package belonging to shipper X fell into the sea and was missing, worth 10,000 USD; Ships repaired at port for up to $25,000. The captain then declared general average contributions. Knowing that goods owners X and Y buy insurance for conditions of type A ICC 1982, R=4%. Calculate the amount of compensation that cargo owner Y requests from the insurance company? Question 14: Ship A worth 5 billion VND collided with ship B worth 10 billion VND. The hull of ship B was seriously damaged, estimated to be 80% damaged. Suppose two ships have hull insurance of equal value and the court determines the fault of the two ships as follows: ship A is 60% at fault and ship B is 40% at fault. Goods B transported on ship B suffered a loss of 1.5 billion VND. Calculate the amount that ship A's hull insurance company will have to compensate if the repair cost of ship A's hull is 500 million VND? Question 13: The ship MINH TRUNG carries a shipment of export goods including: Owner X is $120,000; Goods owner Y is 80,000 USD (both prices on the commercial invoice delivered at the port of departure). The ship is insured for the same value with an insurance amount of 250,000 USD. During the move, the boat crashed and got stuck. To escape, the captain ordered the entire Y cargo to be thrown into the sea, the cost involved was $22,000. Ship repair at port costs up to $25,000. The captain then declared general average contributions. Knowing that the owners of goods Y's fare was charged at Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 5,000 USD. Calculate the amount of compensation required by shipper X from the insurance company? Question 12: Ship A worth 20 billion VND collided with ship B. Ship A's hull was seriously damaged, estimated to be 50% damaged. Suppose the two ships have hull insurance and the shipowner's civil liability insurance is equal in value and the court determines the fault of the two ships as follows: ship A is 40% at fault and ship B is 60% at fault. Ship B: the ship's hull is damaged, expected to cost 400 million VND to repair. Goods B transported on ship B suffered a loss of 15 million VND. Human damage on Ship A was 100 million VND, on Ship B was 50 million VND. Calculate the amount of compensation that shipowner A's P&I association must compensate Bài tập cô Ngân Exercise 1 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 2 Exercise 3 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 4 Ship A has to compensate ship B: 40% * (200,000 + 15,000) = 86,000 USD Ship B has to compensate: 60% * 300,000 = 180,000 USD Insurance company of A will pay for Ship 300,000 Collision damage: 3/4*40%*200,000 = 60000 total: 360,000 Insurance company of B will pay for Ship 200,000 Collision damage: 3/4*60%*300,000 = 135000 total 335,000 A cannot claim from the insurance company ¼ * 40% * 200,000 + 40% * 15000 = 26,000 USD B cannot claim from the insurance company ¼ * 60% * 300,000 + 60% * 15000 =54,000 USD Exercise 5 Cargo A - 2000 from vessel B + ¾ of 2000 = 1500 (hull insurance of ship B) + ¼ of 2000 = 500 ⇒ TB tự bear - 2000 from cargo insurance of cargo A Cargo B - 4000 from vessel A + ¾ of 4000 = 3000 (hull insurance of ship A) + ¼ of 4000 = 1000 ⇒ TA tự bear - 4000 from insurance of cargo B Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Tổn thất về người thì tàu kia chịu vì đó là trách nhiệm dân sự Exercise 6 Exercise 7 Exercise 8 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 9 Exercise 10 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Exercise 11 Step 1: Determine GA value Value of general average (sacrifice + expenditures): = 150,000 (Merchandise) +45,000 (repair) + 3,700 (throwing goods into the Sea) = 198,700 Sacrifice: $150000 (merchandise), 45000$ repair Expenditure: 3700 Value of particular average: 50000 + 63000 = 113,000 PA happens accidentally, GA happens intentionally Step 2: Determine the total value of contributing interests Ship: 1,100,000 - 50,000 = 1,050,000 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn) lOMoARcPSD|29486573 Cargo: 1,000,000 - 63000 = 937,000 Step 3: Contributing rate Rate = 198,700 / (1,050,000+937,000)=0.1=10% Step 4: Determine the contributing value of each interest: Ship: 0.1*1,050,000 = 105,000 Cargo: 0.1*937,000 = 93,700 Step 5: Financial result: (actual expenditure) Ship: = -105,000 + (45000+3700) = -56300 Cargo = -93,700 +150,000 = 56300 Downloaded by K61 NGÔ T?N HÀ (k61.2212155073@ftu.edu.vn)
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