of the accident insurance, Mostly, it compensates instant loss of earning from sinking, stranding, fire and collision of ship. But loss of earning due to oil explosion of oil tanker or an engine trouble should take advantage of extended coverage separately.
3.3 Freight Insurance
Freight insurance aims to freight charge. A person who acquires fare signs a contractof freight insurance. In the c
of business. It makes standardization of system, computerized every database, enhancing work efficiency and quality, providing same quality service.
(2) Technical Skills
CESCO constructs the biggest institute of insect control technology and only production line by itself in Korea. The institute has and hold about 100 master or doctor researchers and 2,193 type of insects control programs about
of loss to the protection buyer if credit events promised in advance occur before the expiration.
The protection buyer trying to transfer the credit risk periodically pays for the premium, which is the cost for the risk, until the end of the contract.
Useful to hedge default risks
A more efficient way of risk management
Raise capitals by purchasing the insuranc
of KRW) Level 1 Level 2 Level 3 Total balance
Short-term derivatives
Available for sale financial assets* -
3,823,284 34,458
49,765 -
326,359 34,458
4,199,358
Total assets 3,823,234 84,233 326,359 4,233,816
Short-term derivatives - 24,638 - 24,638
Total liabilities - 24,638 - 24,638
(*) Investments in Samsung Life Insurance and iMarket Korea, classified as available-for-sale financial a
Kinds of Trade Insurance
1) Public insurance / privacy insurance
2) Life assurance insurance/
goods insurance
3) property insurance/
Summenversicherung
4) compulsory insurance /
Freedom insurance
5) marine insurance /
land insurance /aviation insurance
Marine insurance is a contract that promises to compensate for all the losses occurred in marine industries.