Unit 13Insurance.ppt

1、Unit 13Insurance,Text A,It is customary to insure goods sold for export against the risks of the journey. In international trade, the transportation of goods from the seller to the buyer is generally over a long distance by air, by land or by sea and has to go through the procedures of loading, unlo

2、ading and storing.,During this process it is quite possible that the goods will encounter various kinds of risks and sometimes suffer losses. In order to protect the goods against possible loss in case of such risks, the buyer or seller before the transportation of the goods usually applies to an in

3、surance company for insurance covering the goods in transit.,The premium charged for the insurance policy is calculated according to the risks involved. A policy which protects the holder against limited risks charges a low premium, and policy which protects against a large number of risks charges a

4、 high premium.,The insurance value is calculated as: cost of goods + amount of freight + insurance premium + a percentage of the total sum to represent a reasonable profit on sale of the goods.,For CIF transactions, we usually effect insurance for 110% of the invoice value against (risks), that is t

5、o say 100% is for CIF invoice value and 10% is to cover a reasonable profit and some expenses. Sometimes, buyers may request insurances to cover more than 110%. In such circumstances, the extra premium will be for buyers account.,Text B,(A) Dear Sirs, In reply to your letter of November 13 enquiring

6、 about the insurance on our CIF offer for Traveling Scissors made to you on the 20 October, we wish to give you the following information:,For transactions concluded on CIF basis, we usually effect insurance with PICC against All Risks, as per Ocean Marine Cargo Clauses of PICC dated the 1 January,

7、1981. Should you require the insurance to be covered as per Institute Cargo Clauses (ICC) we would be glad to comply but if there is any difference in premium between the two it will be charged to your account.,We are also in a position to insure the shipment against any additional risks if you do d

8、esire, and the extra premium is to be borne by you. In this case, we shall send you the premium receipt issued by the relative underwriter.,Usually, the amount insured is 110% of the total invoice value. However, if a higher percentage is required, we may do accordingly but you have to bear the extr

9、a premium as well.,We hope our above information will provide you with all the information you wish to know and we are now looking forward to receiving your order. Yours faithfully,(B) Dear Sirs, Answering your letter of August 10 in regard to insurance, we would like to inform you of the following:

10、,ALL Risks: Generally we cover insurance WPA & War Risk in the absence of definite instructions from our clients. If you desire to cover All Risks, we can provide such coverage at a slightly higher premium Breakage: Breakage is a special risk, for which an extra premium will have to be charged. The

11、present rate is about %. Claims are payable only for that part of the loss, that is over 5%. .,Value to be insured: We note that you wish us to insure shipment to you for 10% above invoice value, which is having our due attention. We trust the above information will serve your purpose and await your

12、 further news. Yours faithfully,Skill drilling,1.Your company has just ordered 300 cases of toys. Now you are asked to translate into English the following notice to the seller telling him how to insure the goods.,你方销售合同123号的300箱玩具，现通知你方，我们已由伦敦中国银行开立了保兑的、不可撤销的信用证973号，计金额1 800英镑，有效期至5与15日为止。 请注意上述货物必

13、须在5月15日前装出，保险必须按发票金额的130%投保一切险。我们知道，按照你们的一般惯例，你们只按发票金额另加10%投保。因此，额外保险费由我们负担。 请按我们的要求办理保险，同时我们等候你方的装船通知。,2. You have just received your goods imported, but unfortunately found some damages to the goods. Now please translate into English the following letter asking for claim settlement.,当“快乐王子”轮昨日到达西班牙港(Port-of-Spain)时，船运代理注意到第14号箱受损，并随即告知。我们立即在船运公