A foreign trade company exported a batch of goods according to CIF terms. Before shipment, the insurance company has been insured with FPA according to 1 10% of the total invoice value. In early March

A foreign trade company exported a batch of goods according to CIF terms. Before shipment, the insurance company has been insured with FPA according to 1 10% of the total invoice value. In early March, First of all, marine cargo insurance is divided into three categories: FPA, WPA and all risks.

If FPA is insured, the insurance company will not pay part of the loss. If the loss is small, because FPA only covers major natural disasters, small or partial losses will not be paid.

I suggest you insure the goods directly against all risks. Both big losses and small losses are compensated, and the premium is not much different.

I'll send you the FPA clause and you'll know.

FPA clause:

Total loss or presumed total loss of the whole batch of insured goods due to bad weather, lightning, tsunami, earthquake, flood and other natural disasters during transportation. 2. All or part of the goods are lost due to accidents such as stranding, hitting rocks, sinking, mutual collision, collision with drifting ice or other objects, fire and explosion. 3. In the case of accidents such as stranding, hitting rocks, sinking and burning, the goods have suffered some losses caused by natural disasters such as bad weather at sea, lightning and tsunami before and after. 4. In the process of loading, unloading or transportation, all or part of the loss is caused by one or more goods falling into the sea. 5. The reasonable expenses paid by the insured for taking measures to rescue, prevent or reduce the damage of the insured goods, but not exceeding the insured amount of the rescued goods. 6. The losses caused by unloading at the port of refuge and the special expenses incurred by unloading, storing and transporting goods at the midway port and the port of refuge after the means of transport suffered shipwreck. 7.*** General average sacrifice, contribution and salvage expenses. 8. The contract of carriage contains the clause "Liability for Mutual Negligence in Collision of Ships", according to which the cargo side shall compensate the loss of the ship side.