Chapter 14 Insurance

Useful Expression

  1. 投保 effect/provide/arrange/ take out /cover  insurance
  2. insure on 货物 for 金额 with 保险公司 against 险别 at 保险费率
  3. We've covered insurance with PICC on the 100 metric tons of wools for 110% of the invoice value against all risks at the rate of 3%.
  4. Insurance clause 条款 / coverage 范围 / amount 金额 / premium 保费 / claim 索赔
  5. WPA 水渍险 War Risk 战争险  Leaking Risk 泄露风险   Aflatoxin Risk 黄曲霉素险    Strike Risk 罢工险
  6. Principle Risk     All Risks 一切险包括 WPA和 General Additional Risks

Exercises

  1. The cargo is to be insured from warehouse to warehouse against all risks.
  2. As requested, we have covered insurance on 20000 transistor radios for 10% above the invoice value against all risks.
  3. hear from you to.../ As far as foreign trade, the following three risks are covered under an insurance policy.
  4. for 130% of the invoice value...
  5. to be effected by us... all risks based on...
  6. Please effect insurance for our account of RMB13200 on the goods against all risks.
  7. WPA coverage is too narrow for a shipment of this nature, please extend it to include TPND.
  8. Insurance is to be covered by buyers.
  9. We note that you wish us to insure shipment to you for 10% above invoice value.
  10. Please insure for invoice value plus 10%.
  11. We shall provide such coverage at your cost.
  12. against all risks...  to our account.  with the extend of coverage extra premium.. 
  • Please insure the shipment to us WPA and against War Risk.
  • Please insure the goods for the invoice value plus 10%.
  • As to 300 sets camera under contract No.345, we would cover insurance on our own account.
  • Claims are payable only for that part of the loss, this is over 5%.
  • Please inform us if TPND is included in your price.
  • In case you have no definite instructions we'll cover insurance on WPA and War Risk terms as usual.
  • We regret that we can not accept this claim as you didn't cover Breakage terms.
  • What is the coverage according to your usual CIF terms?
  • Letter One
    ...in regard to... inform you...
    All Risks. Generally, we cover insurance WPA and 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 is a special risk...  extra premium will have to be charged.  due attention.
    We trust the above information will serve your purpose and await your further news.
  • Letter Two
    sending a consignment is to be loaded on to S.S. Dashun...
    Details with regard to packing and value are attached and we would be grateful if you could quote a rate covering all risks from port to port.
    We would appreciate a promote reply. Thank you.

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