Lecture 10.insurance

Lecture10Insurance Insurance providesapooloffundintowhichthemanycontributeandoutofwhichthefewwhosufferlossarecompensated Insurancehasbecomeavastsubjectandnowentersintoalmosteveryactivityofman Theideaofinsuranceistoobtainsomeindemnityintheeventofanyhappeningsthatcauselossofmoney Insuranceisagainstrisk Chiefbranchesofinsurance 1 Fire2 Accident3 Life4 Marine Ininternationaltrade thetransportationofgoodsfromthesellertothebuyerisgenerallyoveralongdistancebyair bylandorbyseaandhastogothroughtheproceduresofloading unloadingandstoring Duringthisprocessitisquitepossiblethatthegoodswillencountervariouskindsofperilsandsometimessufferlosses Inordertoprotectthegoodsagainstpossiblelossincaseofsuchperils thebuyerorsellerbeforethetransportationofthegoodsusuallyappliestoaninsurancecompanyforinsurancecoveringthegoodintransit WhatisPICC ThePeople sInsuranceCompanyofChinatakescareofthecountry sinsurance Itisastate runinsurancecompanywhoprotectstheinterestsoftheinsured Chineseandforeignimportersandexportersandhelpsinthedevelopmentofourcountry sforeigntrade Whenwasitfounded 1949 WhatisLloyd s Lloyd sistheworld sleadinginsurancemarketprovidingspecialistinsuranceservicestobusinessesinover200 countriesandterritories In2008 75 syndicatesareunderwritinginsuranceatLloyd s 劳埃德保险公司英国劳埃德保险公司是当今世界保险业中信誉最高 名气最大 资金最雄厚 利润最多的一家大保险公司 它成立于1680年 迄今已有300多年的历史 拥有2 6万多个成员的企业联合体 由430个辛迪加组织组成 TypesofPerilsandLosses KindsofPerils1 PerilsoftheSea 海上风险 NaturalCalamities vileweather thunderandlightning earthquake floods etc FortuitousAccidents shipstranded shipsinking collision etc 2 ExtraneousRisks 外来风险 theft rain shortage leakage breakage etc Theymayincludespecialrisks suchaswarrisksandstrikes etc KindsofLosses 损失 1 TotalLoss ActualTotalLoss 实际全损 ConstructiveTotalLoss 推定全损 PartialLossGeneralAverage 共同海损 ParticularAverage 单独海损 InsuranceCover FreefromParticularAverage F P A 平安险 WithAverageorWithParticularaverage W AorW P A 水渍险 AllRisks A R 一切险 TheWarehousetoWarehouseClause 仓对仓条款 Itmeansthatmarineinsurancecoverisextendedtolandrisksincidentaltotheseavoyage Itcoversthelandingrisksintheportofdestinationaspartofthetransitfromthewarehouseofthesellertothatofthebuyer InsuranceValue costofgoods amountoffreight insurancepremium percentageofareasonableprofitforthebuyer tocoverbasicrisksat110percentoftheinvoicevalue tocoverinsuranceonthesegoodsfor10 abovetheinvoicevalueagainstAllRisks 3 LetterWritingRequirements Sample1 DearSirs Wehavereceivedyourletterof22ndNovemberaskingustoarrangeAllRiskscoverforaconsignmentofblanketstoNewYorkbym s Bandao Ourratesforprovidingtherequiredcover includingloadinganddischargingare8 less5 specialdiscount PleaseinformusifourratesareacceptablesothatwemaypreparethepolicyintimeYoursfaithfully DearSirs Thetermsyouquoted namely8 less5 specialdiscountforourconsignmentofblanketstoNewYorkbyseaareacceptable PleasearrangeAllRiskscoverinthesumofUSD10 000 Kindlysendthepolicy andonecertifiedcopy notlaterthan30thandchargethecosttotheaccountofourbranchofficeinNewYork Yoursfaithfully 4 UsefulSentences 1 Wecanserveyouwithabroadrangeofcoverageagainstallkinksofrisksforseatransport 我公司可以承保海洋运输的所有险别 2 Generallyspeaking aviationinsuranceismuchcheaperthanmarineinsurance 空运保险一般要比海运保险便宜 3 AnF P A policyonlycoversyouagainsttotallossinthecaseofminorperils 平安险只有在发生较小危险时才给保全部损失险 4 TheF P A doesn tcoverpartiallossofthenatureofparticularaverage 平安险不包括单独海损性质的部分损失 5 We dlike tocovertheporcelainwareagainstAllRisks 我们想为这批瓷器投保综合险 6 I llhavethegoodscoveredagainstFreefromParticularAverage 我将为货物投保平安险 7 Thecoverpaidforwillvaryaccordingtothetypeofgoodsandthecircumstances 保险费用按照货物类别的具体情况会有所不同 8 Theunderwritersareresponsiblefortheclaimasfarasitiswithinthescopeofcover