Module 10 Insurance.ppt

Xu Meirong from Department of Int’l Business Communication of Dalian Vocational Technical Collage Learning Objectives Be able to understand basic insurance clauses Be able to negotiate in written form about insurance—letters of asking the seller to cover insurance; letters of effecting insurance on behalf of the buyer Different Insurance Clauses Different ways of expressing the insured amount Three basic Risks Other Additional Risks Insurance Policy/ Certificate Open Policy Coverage Key Words Expressions insurance risk average general average particular average cover coverage insurance policy insurance certificate open policy premium additional risks Key Words Expressions ⊙identifying the reference of the letter a. We have received your letter of July 3 asking us to effect insurance on the captioned goods on your behalf. b. We want to have the goods insured at your end so as to save time and simplify procedures. c. Thank you for your letter of May 5 inquiring of our insurance coverage. d. We have received your e-mail of March 15 regarding insurance. Key Words Expressions ⊙stating insurance a. We usually cover shipments against WPA and War Risks, if you wish to add any extraneous risks, please let us know in advance. b. Our customer requests that the wooded cases must be reinforced by steel strapping and meanwhile the shipment be insured against pilferage. c. When you place insurance for the shipment of our porcelain, please do not forget to include the risk of breakage. d. As the quality of foodstuffs is liable to change by itself, you had better insure the shipment of your order against the risk of deterioration. e. We generally insure our export shipments with the People’s Insurance Company of China. f. The insured amount should be 110% of the invoice value. If you require a higher percentage, additional premium must be paid. g. The premium varies with the extent of insurance, should additional risk be covered, the extra premium is for