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Marine Insurance Case study
Policy no.
Consignor: !"
Consignment:#$%&'
Packing:(
Voyage:)!"*
Mode:+#
Sum Insured:#,-(./01#,'-2-/03
Coverage:((456 "7.#((
Bill of Lading:!"2
Invoice nos.:.''
Status of container: 896 ":
Claim lodged::;<'=/'=/);<2/)9";<
2=>?;<='
Course of Acon:99@ ":9%9
%A9"9(:5:":%B
9
Document Veri!caon:-
8&%9#'''=C$*>#'=2='1,03 
*>#,,1-03
8&%9'#',,:9"9C
$*>#'22,1=203*>#-1'03
D%


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@:%(9?":>@:/01;!'=
/'=>;!'-,-=3?E9"#',":
:  E:#,-
!:%&( ":F%G9+D*E9
9"9B9 "&"9&
 :BF"+E%":%
%$#!)%
?"?"9"9 %""
 "%99"
%H9E9" "9%"
5*D?:"%I?
1?3#:B%*'
*:B"
Claim Se#ling agent:7J7B1G3D59:%
%9
Indian Invesgator: K(.(*D !"9"9
9 99"%9
B:"%%B%B"9E9
9:%(96 ":
Brief facts of the case?"%"&" "
9"%&B:
%:""9"E" 
:
B""" 
B"&:""A
9%B:%: :

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Marine Insurance Case study Policy no. 21/2009/320 dated: 2.12.2003 specific marine policy Consignor: M/S Manav International, New Delhi Consignment: Readymade Garments in container meant for export in 304 cartons Packing: Container Voyage: From Delhi to Panama Mode: By Road/Sea Sum Insured: Rs.67,93,000 on C&I + 10% (Rs.60,47,817 + 10%) Coverage: ICC 'A' with War & SRCC Bill of Lading: Delhi/0393 dated 8.12.2003 Invoice nos.: 03 & 04/2003 dated 4.11.2003 Status of container: Empty, noticed at consignee's warehouse. Claim lodged: Invoice value US $ 134250 + 13425 + SF US$ 381 + Freight US$ 1985 = Total US$ 150041 Course of Action suggested: Verifications with various agencies involved in transit of goods from - consignor, carriers, shipping line, Custom Authority, local suppliers, fabricators, and consignee Document Verification:- Export Sales for yr. ending 31.3.2003: Rs. 4,24,41,593; GP =Rs. 45,22,854, (10.6%) and NP= Rs.16,09,936 (3.79%) Export Sales for yr. ending 31.3.2004: Rs.1,40,22,966 including the consignment; GP= Rs.42,88,263 (30.58%) and NP= Rs. 19,79,320 (14.11%) Local sales if any: Nil Valuation of Cargo: The policy is issued as per cover note = Invoice Value + 10% (USD 134250 + 13425 = USD 147675). Taking the conversion rate at Rs. 46 the Sum Insured was worked out at Rs. 67,93,000. Documents for exp ...
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