1. Lesson 13 Major Documents Required in World Trade
1. documentation ( correct)
2. major documents
1) commercial invoice
basis for other documents
main contents
conformity
2) packing list
CF: specification list---
weight list/ note/ memo---

2. 3) the bill of lading
----3 major functions:
a cargo receipt
a contract of carriage
a document of title to the goods
----clean/ on board bill of lading (CFR/CIF)
----airway/railway bill
4) insurance policy/certificate
----main contents (esp. date)
5) various certificates

3. Lesson 14 International Transportation
1) definition ( movement, freight, passengers, location)
2) freight transportation
2. 5 major modes
Water-rail- truck- pipeline- air
3. 3 types of carrier ownership
Common carriers---contract carriers---private carriers

4. 4. benefits that transportation has brought about
1) in the production process (2)
2) to the society
5. difference btw international / domestic transportation
----more documents
6. 4 factors changing transportation

5. Lesson 15 Insurance-1 1. definition of insurance
---a social device, transfer risk, payment
---insured; insurer
2. how insurance works?
---a risk transfer mechanism, shift, uncertainty
---a known premium
3. the common pool and the advantages enterprises can gain from it.

6. 4. insurance for overseas trade
1) necessity ( bridging the geographical & time gaps)
2) cargo insurance
----fire, marine, life, accident
----importance

7. Lesson 16 Insurance-2 1. 3 main principles of insurance
---insurable interest ( time of an event)
---utmost good faith (fraud, voidable)
---indemnity (restore; inapplicable to life/ personal accident insurance)
2. 2 sub-principles of insurance
---contribution ( double insurance and compensation claim are not allowed)
---subrogation
3. the doctrine of proximate cause
---the direct cause of the loss

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