Chapter 12,Insurance,Basic coverage,Additional coverage,Marine insurance,Insurance Coverage (CIC),FPA,WPA,All Risks,General additional risks,Special additional risks,China Insurance Clauses (CIC or C.I.C) FPA: Free from particular Average WPA: With particular average All Risks,Institute Cargo Clauses (ICC or I.C.C) ICC(A) ICC(B) ICC(C),Additional coverage,General additional risks Theft, Pilferage and Non-delivery (T.P.N.D） Fresh &/or Rain Water Damage Risk of Shortage Risk of Intermixture and Contamination Risk of Leakage Risk of Clash and Breakage Taint of Odor Risk Sweating and & Heating Risk Risk of Rust Breakage of Packing Risk Hook Damage Risk,Special additional risks War Risk Strikes Risk Aflatoxin Risk Failure to Delivery On Deck Import Duty Risk Rejection Risk,Lesson 25,Type of Coverage Lesson 26 Covering Insurance for the buyer,Lesson 25 Type of Coverage,Dear Sirs, Referring to our Order No.21301 for 200 cases of cameras on CIF basis, we now wish you to arrange an All Risks insurance for us. In our opinion, this type of coverage is necessary for the comparatively valuable and fragile cargo.,It is the usual practice to cover for 110% of the invoice value,i.e.US$50,000. The extra premium will be paid by us on receipt of the necessary documents from you. We hope you will agree to our proposal. Yours faithfully,Lesson 26 Covering Insurance for the buyer,Dear Sirs, Re: Your Order No.21301 covering 200 cases of cameras We acknowledge receipt of your request to effect insurance for you. Now we are glad to inform you that weve covered the captioned shipment with PICC against All Risks for US$55,000. The policy and debit note for the premium will be forwarded to you before July 7. The goods will be shipped by S.S.”Mile”, due to leave here on July 25. Yours sincerely,Insurance: n. 保险 insurance agent 保险代理人 insurance market 保险市场 insurance broker 保险经纪人 insurer 保险人 insurance company 保险公司 insurant, the insured 被保险人，受保人 insurance underwriter 保险承保人 insurance applicant 投保人 insurance certificate 保险凭证 insurance policy 保险单 insurance commission 保险佣金 insurance amount 保险金额 insurance coverage 保险范围,表示“投保”，“办理保险”可用： to arrange /cover /effect/provide/ take out insurance e.g.1)We shall provide such insurance at your cost. 2)Have you taken out insurance on the tiles?,说明保险情况时，insurance后接介词的一般用法： 所保的货物 “ +on”，如insurance on the 100 tons of soft wool； 投 保 的 险 别 “ +against” ，如insurance against all risks； 保额 “ +for” ，如insurance for 110% of the invoice value； 保险费或保险费率 “ +at” ，如insurance at a slightly higher premium, insurance at the rate of 5%； 向保险公司投保 “ +with” ，如insurance with the Peoples Insurance Company of China e.g.We have covered insurance on the 100 metric tons of wool for 110% invoice value against all risks. 我们已将100吨羊毛按发票金额的110%投保一切险。,coverage: n. 保险范围,E.g.The coverage is written in the basic policy form and the clauses for different risks. We shall provide such coverage at your cost . fragile: easily broken,to cover for 110% of the invoice value = to cover for 10% above/over insurance value =to cover at invoice value plus 10% 这里指按发票价的110%投保。 e.g. You are required to cover the goods against All Risks at invoice value plus 10% . We shall insure the goods for 10% above the invoice value.,Premium: 保险费 Extra premium: 额外保险费 Debit not for the premium:交纳保险费通知,Translation,. Translate the following sentences into English: 1) We think Breakage Risk is included in your CIF price. 2) We shall insure against W.P.A. at your cost. 3) Our usual practice is to insure shipments for the invoice value plus 10%. 4) We leave the insurance arrangements to you but we wish to have the goods covered against All Risks.,.Dear Sirs, Re: TV sets Your order for 50 cases of TV sets will be shipped on S.S “Safety” due to sail at the end of this month or the beginning of next month. We will cover an All Risks insurance for the captioned cargo unless we are instructed otherwise. This type of overage, as you know, is appropriate for cargo of this nature. Yours truly,2. 1) We have covered the above shipment with the PICC against All Risks for US$4,000. 2) Generally we cover insurance WPA and against War Risks in the absence of definite instructions from our clients. 3) We usually insure with the PICC for the goods sold on CIF basis. 4) We have taken out insurance for you on these goods.,Dear Sirs, Re: Your Order No.115 covering 500 cases Pottery We thank you for your letter of March 30,requesting us to effect insurance on the captioned shipment on your behalf. We are pleased to confirm having covered the above shipment with the PICC against All Risks for US$4,000. The policy and our debit note for the premium will be forwarded to you in a day or two. For your information, this parcel will be shipped by S.S. Sanxia, due to sail on or about the 8th of next month. Yours truly,