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ObjectivesUponthecompletionofthisproject,studentswill:■Befamiliarwiththerisksfrequentlyused.■Beabletousethewordsandexpressionswidelyusedininsurance.■Beabletodiscusstheinsurancetermswithforeigncompanies返回LeadingInIninternationaltrade,thegoodsforwardedfromtheplaceofshipmenttodestinationhaveusuallytoundergolong-distancetransportation,inthecourseofwhichtheyaresubjecttovariouskindsofrisksandmaysustainlossordamage.Inordertohavethemselvescompensatedforanyconceivablelossesoftheirgoods,thebuyerorthesellershouldcovertransportationinsurancewiththeirunderwritespriortoshipment.下一页返回LeadingInSincethemajormeansoftransportationininternationaltradeismarineshipping,wecanlearntherelativeknowledgeaboutshipmentbysea,marineinsuranceandthewritingmethodofbusinesscorrespondencethroughtheselectedspecimens
Inourcountry,ThePeople’sInsuranceCompanyofChinaunderwritesallkindsoftransportationinsurance.TheOceanMarineCargoClauseisthemostimportantoneoftheChinaInsuranceClauses(CIC).上一页下一页返回LeadingInOceanMarineCargoInsuranceisclassifiedinto
threeforms.TheyarefreefromParticularAverage(F.P.A.),WithParticularAverage(W.P.A.)andAllRisks.Butwhowilleffectinsurance?Importandexportcargoesare
subjecttothedamageorlossincurredbyavarietyofrisksinthecourseoftransit,loadingandunloading,storage,etc.Thereforethegoodstravelingtoanothercountrymustbeinsuredagainstlossordamageateachstageoftheirjourney,sothatthepartiesconcernedcanbecompensatedafterthedamageorloss上一页下一页返回LeadingIn.Usuallyinsuranceisarrangedbytheexporterortheimporterapproachinganinsurancecompany,whichhasadepartmentspecializingincargoinsurance.Whowilleffectinsurancedependsontheparticulartradetermsadopted.UnderCIFterms,itisthesellerwhoarrangesinsurancewithaninsurancecompany.UnderthetermsofFOB,CFR,etc.,thebuyereffectsinsurance,buthemayaskthesellertoarrangeinsuranceonbehalfofthebuyer.上一页下一页返回LeadingInTherefore,let’smatchthewordswiththeirdefinitionsgivenbelow:A.insurer;B.insurancepolicy;C.insuredamount;D.theinsured;E.insurance
premium.(1)Apersonorcompanythatpurchasesinsurance.(2)Awrittenagreementbetweenaninsurancecompanyandapolicyholder.(3)Sumofmoneypaidregularlytoaninsurancecompanyinexchangeofprotectionagainstthespecifiedundesiredevent.上一页下一页返回LeadingIn(4)Acompanythatsellsinsurance.(5)Usuallycomputedbyaddingtheinvoicecost,guaranteedfreight,othercosts,
andinsurancepremiumplusapercentage,commonly10%.Thisusuallyrepresentslandedvalue[(1)D;(2)B;(3)E;(4)A;(5)C]上一页返回SpecimenLetter1.LetterOne(TheBuyerRequestsInsurance)DearSirs,Re:YourOrderNo.234for500CasesToys
WewishtoreferyoutoourOrderNo.234for500casesoftoys,fromwhichyou
willseethatthisorderisplacedonaCFRbasis.下一页返回SpecimenLetterAswenowdesiretohavetheshipmentinsuredatyourend,weshallbepleasedifyouwillarrangetoshipthegoodsonourbehalfagainstAllRisksatinvoiceplus10%,i.e.USD45,325.00.Weshallofcourserefundtoyouthepremiumuponreceiptofyourdebitnoteor,ifyoulike,youmaydrawonusatsightfortheamountrequired.Wesincerelyhopethatourrequestwillmeetwithyourapproval.Bestregards…上一页下一页返回SpecimenLetter2.LetterTwo(AReplytotheAboveLetter)DearSirs,Re:YourOrderNo.234for500caseToysThisistoacknowledgethereceiptofyourletterdatedJuly3,requestingustoeffectinsuranceonthecaptionedshipmentforouraccount.WearepleasedtoinformyouthatwehavecoveredtheaboveshipmentwiththePICCagainstAllRisksforUSD45,325.00.上一页下一页返回SpecimenLetterThepolicyisbeingpreparedaccordingly
andwillbeforwardedtoyoubytheendoftheweektogetherwithourdebitnoteforthe
premium.Foryourinformation,wearemakingarrangementstoshipthe500casesoftoysbyS.STangshan,sailingonoraboutthe2ndofAugust.Bestregards…上一页返回TermstoLearn(1)PICC(2)FPA(3)WPA(4)openpolicy(5)intheabsenceof(6)ataslightlyhigherpremium(7)scopeofcover,coverage(8)foryouraccount(9)debitnote(10)insuranceclause(11)franchise(12)inotherwords(13)callfor(14)onsecondthoughts下一页返回TermstoLearn(15)insurancepolicy,insurancecertificate,insurer,insured,premium,totalloss,partialloss(16)for110%oftheinvoicevalue,for10%aboveinvoicevalue,fortheinvoicevalueplus10%(17)tocoverinsuranceonsth.for110%againstAllRiskswiththePICC上一页返回UsefulSentence1.WewouldliketoreferyoutothegoodsunderorderNo….本函所提及的是……号订单项下的货。2.WithregardtotheconsignmentundertheL/CNo….关于……号信用证所涉及的货物……3.ReferringtothecargounderS/CNo….至于……号销售确认书上的货……4.Pleasehavethegoodsinsuredagainst爥for爥%oftheinvoicevalue.请按发票金额的……%为货物投保……险。下一页返回UsefulSentencevoicevalueplus…%?贵方能否代我们以发票金额加……%作为保险金额来为这批货投保……险?6.Pleaseseetoitthattheinsuredvalueforthisshipmentis130%oftheinvoice
value,amountingto…请注意这批货物的保险金额是发票金额的130%,即……7.Uponthereceiptofyourdebitnotewewillremityoutheamountofthepremium.一旦收到贵方寄来的还款通知,我们就会将保险费款给你们汇去。上一页下一页返回UsefulSentence8.Theextrapremiumfortheadditionalcoveragebeyondthenormalinsuredamountof110%oftheinvoicevaluewillbeforouraccount.正常保险金额是发票金额的110%,若保险金额高于此,则高出部分应缴的保险费由本方支付。9.Afterfinishingtheinsuranceprocedureyoucandrawonusasightdraftforour
refundingyouthepremiumfee.待贵方完成投保手续后可向我方开出即期汇票,以便我们把保险费款还给你们。上一页下一页返回UsefulSentence10.Wehopethatthegoodscanbeinsuredaspertheaboverequest.希望按以上要求给货物投保。11.Pleaseinformuswhetheryouagreewiththesaidarrangementsofinsurance.贵方是否同意这样的保险安排,请告知我们。12.Wehavereceivedyourletterrequestingustohandleinsuranceontheconsignmentof…against…at…%oftheinvoicevalue.我们已收到贵方来函。该函中要求我方以发票金额……%的保险金额为……货投保……险。上一页下一页返回UsefulSentence13.YourletterofSeptember8askingustoinsuretheshipmentof800m/tChinesericeonyourbehalfhasbeennoted.你们9月8日的来函收悉,得知贵方希望本方代你们为800公吨中国大米投保。14.Wetakepleasureininformingyouthatwehavecoveredtheinsuranceoftheconsignmentof…against…fortheamountof…我们高兴地通知贵方,我方业已为……货投保了保险金额为……的……险?上一页下一页返回UsefulSentence15.WehaveobtainedtheinsurancepolicyontheshipmentundertheL/CNo….evidencingthecoverageofthegoodsagainst….atfullinvoicevalueplus…%对于……号信用证项下货物我方已取得了保险单。单上证明货物已按发票金额加……%的额度投保。16.Asperyourconfirmationwewillsendyoutheinsurancepolicytogetherwithadebitnoteforthepremiumfee上一页下一页返回UsefulSentence按照贵方已确认的那样,我们会把保险单以及保险费款的还款通知一并寄给你们。17.Sincetheinsuredamountrequiredbyyouis150%oftheinvoicevalue,weshall,basedonouragreement,drawonyouatsightfortheextrapremiumontopof
110%oftheinvoicevalue.贵方要求投保发票金额的150%。根据我们双方已达成的协议,我方会向你们开出即期汇票,以便你们返还发票金额110%以上部分保险金额的保险费款。上一页返回ExerciseⅠ.Completethesentenceswiththeappropriatewordsgivenbelow:cover,covered,covers,covering,coverage,insure,insurance,effected1.Please___againstAllRisks.2.Thisinsurancepolicy___usagainstTPND.3.Wewill___WPAinsurance.4.Thedocumentswillbesenttoyouunderseparate___.5.WehavetopointoutthatourletterofMarch11hasfully___thismatter下一页返回Exercise6.WesendyouherewithacopyofB/L___shipmentof50metrictonsWalnuts7.WehavepleasureinadvisingshipmentofyourOrderNo.2354___50metrictonsofallSmallRedBeans.8.Insuranceonthegoodsshallbebyusfor110%oftheCIFvalue.9.Weshallprovidesuch___atyourcost.10.Insuranceistobe___bythebuyersunderFOBterms.上一页下一页返回Exercise11.Wehavearrangedthenecessarycover.12.Regardinginsurance,the___isfor110%ofinvoicevalueuptotheportofdestination.Ⅱ.Fillintheblankswiththeappropriatewords:1.Weregretourinabilityto___withthebuyer’srequestforcoveringinsurancefor150%oftheinvoicevalue,becauseourcontractstipulatedthat___shouldbecoveredfor110%ofinvoicevalue.上一页下一页返回Exercise2.Sincethepremiumvarieswiththeextentof___,extrapremiumisforbuyer’saccount,shouldadditionalrisksbe___.3.Should___damageoccur,youmayputinaclaimwithin30daysafterthearrivaloftheconsignment.4.Regardinginsurance,thecoverageis___110%ofinvoicevalueuptothe
portofdestinationonly.5.Buyer’srequestforinsurancetobecovereduptotheislandcitycanbeacceptedonconditionthatsuchextrapremiumisfor___account.上一页下一页返回Exercise6.Weregretbeingunabletoagreetothebuyer’srequestasstatedintheL/Cstipulationsforinsurancetobecovereduptothein
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