Teaching tip the instructor should give exposure to

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Teaching Tip: The instructor should give exposure to students and make them understand the importance of Insurance coverage. Insurance Insurance is often overlooked as people do not want to spend money on things that they don’t see. In fact, the Malaysian health insurance is comparatively lower than Singapore’s. The instructor should emphasize four factors: ü Principles of insurance ü Why is it necessary to insure ü Types of insurance coverage ü Risks not covered by insurance Relationship Between Insurance and Incoterms Is being over insured good for the organization? Teaching Tip: The instructor needs to coin the principles and emphasize the importance of insurance.
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2 Instructor’s Manual Teaching Tip: The instructor will need to explain Incoterms again in the perspective of insurance. Create a discussion group on who is responsible to pay for the insurance. Words of Wisdom ü You should always take care of the cargo as though the cargo is not insured ü You should ensure all insurable items are insured ü You should read and understand your insurance policy ü You should notify immediately in written form if any insurable claim happens ü The cost of insurance is only a small cost of transportation. Hence, it is never advisable to save it and face the risk of total lost Teaching Tip: The instructor should close the session with the words of wisdom section. It’s the summary of the best logistics practise in managing insurance claims. Teaching Tip: Use the PowerPoint in Chapter 14 for visual aid. Teaching Tip: The students are encouraged to answer the Online Test questions that are readily available in the companion website. Teaching Tip: Chapter 14 is the end of Part 2. The instructor must encourage the students to complete the worksheet that is available in the companion website. Points can be awarded for completing the worksheet based on the lecturer’s predetermined grading scale.
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  • Spring '17
  • Dr Haslinda

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