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ObjectivesUponthecompletionofthisproject,studentswill:■Befamiliarwiththerisksfrequentlyused.■Beabletousethewordsandexpressionswidelyusedininsurance.■Beabletodiscusstheinsurancetermswithforeigncompanies返回LeadingInIninternationaltrade,thegoodsforwardedfromtheplaceofshipmenttodestinationhaveusuallytoundergolong-distancetransportation,inthecourseofwhichtheyaresubjecttovariouskindsofrisksandmaysustainlossordamage.Inordertohavethemselvescompensatedforanyconceivablelossesoftheirgoods,thebuyerorthesellershouldcovertransportationinsurancewiththeirunderwritespriortoshipment.下一頁返回LeadingInSincethemajormeansoftransportationininternationaltradeismarineshipping,wecanlearntherelativeknowledgeaboutshipmentbysea,marineinsuranceandthewritingmethodofbusinesscorrespondencethroughtheselectedspecimens
Inourcountry,ThePeople’sInsuranceCompanyofChinaunderwritesallkindsoftransportationinsurance.TheOceanMarineCargoClauseisthemostimportantoneoftheChinaInsuranceClauses(CIC).上一頁下一頁返回LeadingInOceanMarineCargoInsuranceisclassifiedinto
threeforms.TheyarefreefromParticularAverage(F.P.A.),WithParticularAverage(W.P.A.)andAllRisks.Butwhowilleffectinsurance?Importandexportcargoesare
subjecttothedamageorlossincurredbyavarietyofrisksinthecourseoftransit,loadingandunloading,storage,etc.Thereforethegoodstravelingtoanothercountrymustbeinsuredagainstlossordamageateachstageoftheirjourney,sothatthepartiesconcernedcanbecompensatedafterthedamageorloss上一頁下一頁返回LeadingIn.Usuallyinsuranceisarrangedbytheexporterortheimporterapproachinganinsurancecompany,whichhasadepartmentspecializingincargoinsurance.Whowilleffectinsurancedependsontheparticulartradetermsadopted.UnderCIFterms,itisthesellerwhoarrangesinsurancewithaninsurancecompany.UnderthetermsofFOB,CFR,etc.,thebuyereffectsinsurance,buthemayaskthesellertoarrangeinsuranceonbehalfofthebuyer.上一頁下一頁返回LeadingInTherefore,let’smatchthewordswiththeirdefinitionsgivenbelow:A.insurer;B.insurancepolicy;C.insuredamount;D.theinsured;E.insurance
premium.(1)Apersonorcompanythatpurchasesinsurance.(2)Awrittenagreementbetweenaninsurancecompanyandapolicyholder.(3)Sumofmoneypaidregularlytoaninsurancecompanyinexchangeofprotectionagainstthespecifiedundesiredevent.上一頁下一頁返回LeadingIn(4)Acompanythatsellsinsurance.(5)Usuallycomputedbyaddingtheinvoicecost,guaranteedfreight,othercosts,
andinsurancepremiumplusapercentage,commonly10%.Thisusuallyrepresentslandedvalue[(1)D;(2)B;(3)E;(4)A;(5)C]上一頁返回SpecimenLetter1.LetterOne(TheBuyerRequestsInsurance)DearSirs,Re:YourOrderNo.234for500CasesToys
WewishtoreferyoutoourOrderNo.234for500casesoftoys,fromwhichyou
willseethatthisorderisplacedonaCFRbasis.下一頁返回SpecimenLetterAswenowdesiretohavetheshipmentinsuredatyourend,weshallbepleasedifyouwillarrangetoshipthegoodsonourbehalfagainstAllRisksatinvoiceplus10%,i.e.USD45,325.00.Weshallofcourserefundtoyouthepremiumuponreceiptofyourdebitnoteor,ifyoulike,youmaydrawonusatsightfortheamountrequired.Wesincerelyhopethatourrequestwillmeetwithyourapproval.Bestregards…上一頁下一頁返回SpecimenLetter2.LetterTwo(AReplytotheAboveLetter)DearSirs,Re:YourOrderNo.234for500caseToysThisistoacknowledgethereceiptofyourletterdatedJuly3,requestingustoeffectinsuranceonthecaptionedshipmentforouraccount.WearepleasedtoinformyouthatwehavecoveredtheaboveshipmentwiththePICCagainstAllRisksforUSD45,325.00.上一頁下一頁返回SpecimenLetterThepolicyisbeingpreparedaccordingly
andwillbeforwardedtoyoubytheendoftheweektogetherwithourdebitnoteforthe
premium.Foryourinformation,wearemakingarrangementstoshipthe500casesoftoysbyS.STangshan,sailingonoraboutthe2ndofAugust.Bestregards…上一頁返回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下一頁返回TermstoLearn(15)insurancepolicy,insurancecertificate,insurer,insured,premium,totalloss,partialloss(16)for110%oftheinvoicevalue,for10%aboveinvoicevalue,fortheinvoicevalueplus10%(17)tocoverinsuranceonsth.for110%againstAllRiskswiththePICC上一頁返回UsefulSentence1.WewouldliketoreferyoutothegoodsunderorderNo….本函所提及的是……號訂單項下的貨。2.WithregardtotheconsignmentundertheL/CNo….關于……號信用證所涉及的貨物……3.ReferringtothecargounderS/CNo….至于……號銷售確認書上的貨……4.Pleasehavethegoodsinsuredagainst爥for爥%oftheinvoicevalue.請按發(fā)票金額的……%為貨物投?!U。下一頁返回UsefulSentencevoicevalueplus…%?貴方能否代我們以發(fā)票金額加……%作為保險金額來為這批貨投保……險?6.Pleaseseetoitthattheinsuredvalueforthisshipmentis130%oftheinvoice
value,amountingto…請注意這批貨物的保險金額是發(fā)票金額的130%,即……7.Uponthereceiptofyourdebitnotewewillremityoutheamountofthepremium.一旦收到貴方寄來的還款通知,我們就會將保險費款給你們匯去。上一頁下一頁返回UsefulSentence8.Theextrapremiumfortheadditionalcoveragebeyondthenormalinsuredamountof110%oftheinvoicevaluewillbeforouraccount.正常保險金額是發(fā)票金額的110%,若保險金額高于此,則高出部分應繳的保險費由本方支付。9.Afterfinishingtheinsuranceprocedureyoucandrawonusasightdraftforour
refundingyouthepremiumfee.待貴方完成投保手續(xù)后可向我方開出即期匯票,以便我們把保險費款還給你們。上一頁下一頁返回UsefulSentence10.Wehopethatthegoodscanbeinsuredaspertheaboverequest.希望按以上要求給貨物投保。11.Pleaseinformuswhetheryouagreewiththesaidarrangementsofinsurance.貴方是否同意這樣的保險安排,請告知我們。12.Wehavereceivedyourletterrequestingustohandleinsuranceontheconsignmentof…against…at…%oftheinvoicevalue.我們已收到貴方來函。該函中要求我方以發(fā)票金額……%的保險金額為……貨投?!U。上一頁下一頁返回UsefulSentence13.YourletterofSeptember8askingustoinsuretheshipmentof800m/tChinesericeonyourbehalfhasbeennoted.你們9月8日的來函收悉,得知貴方希望本方代你們?yōu)椋福埃肮珖嵵袊竺淄侗?。14.Wetakepleasureininformingyouthatwehavecoveredtheinsuranceoftheconsignmentof…against…fortheamountof…我們高興地通知貴方,我方業(yè)已為……貨投保了保險金額為……的……險?上一頁下一頁返回UsefulSentence15.WehaveobtainedtheinsurancepolicyontheshipmentundertheL/CNo….evidencingthecoverageofthegoodsagainst….atfullinvoicevalueplus…%對于……號信用證項下貨物我方已取得了保險單。單上證明貨物已按發(fā)票金額加……%的額度投保。16.Asperyourconfirmationwewillsendyoutheinsurancepolicytogetherwithadebitnoteforthepremiumfee上一頁下一頁返回UsefulSentence按照貴方已確認的那樣,我們會把保險單以及保險費款的還款通知一并寄給你們。17.Sincetheinsuredamountrequiredbyyouis150%oftheinvoicevalue,weshall,basedonouragreement,drawonyouatsightfortheextrapremiumontopof
110%oftheinvoicevalue.貴方要求投保發(fā)票金額的150%。根據(jù)我們雙方已達成的協(xié)議,我方會向你們開出即期匯票,以便你們返還發(fā)票金額110%以上部分保險金額的保險費款。上一頁返回ExerciseⅠ.Completethesentenceswiththeappropriatewordsgivenbelow:cover,covered,covers,covering,coverage,insure,insurance,effected1.Please___againstAllRisks.2.Thisinsurancepolicy___usagainstTPND.3.Wewill___WPAinsurance.4.Thedocumentswillbesenttoyouunderseparate___.5.WehavetopointoutthatourletterofMarch11hasfully___thismatter下一頁返回Exercise6.WesendyouherewithacopyofB/L___shipmentof50metrictonsWalnuts7.WehavepleasureinadvisingshipmentofyourOrderNo.2354___50metrictonsofallSmallRedBeans.8.Insuranceonthegoodsshallbebyusfor110%oftheCIFvalue.9.Weshallprovidesuch___atyourcost.10.Insuranceistobe___bythebuyersunderFOBterms.上一頁下一頁返回Exercise11.Wehavearrangedthenecessarycover.12.Regardinginsurance,the___isfor110%ofinvoicevalueuptotheportofdestination.Ⅱ.Fillintheblankswiththeappropriatewords:1.Weregretourinabilityto___withthebuyer’srequestforcoveringinsurancefor150%oftheinvoicevalue,becauseourcontractstipulatedthat___shouldbecoveredfor110%ofinvoicevalue.上一頁下一頁返回Exercise2.Sincethepremiumvarieswiththeextentof___,extrapremiumisforbuyer’saccount,shouldadditionalrisksbe___.3.Should___damageoccur,youmayputinaclaimwithin30daysafterthearrivaloftheconsignment.4.Regardinginsurance,thecoverageis___110%ofinvoicevalueuptothe
portofdestinationonly.5.Buyer’srequestforinsurancetobecovereduptotheislandcitycanbeacceptedonconditionthatsuchextrapremiumisfor___account.上一頁下一頁返回Exercise6.Weregretbeingunabletoagreetothebuyer’srequestasstatedintheL/Cstipulationsforinsurancetobecovereduptothein
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