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Marine Insurance Marine Insurance Objectives 1. Grasp the definitions of all the items about marine insurance 2. Know the different kinds of insurance 3. Be familiar with the letters dealing with insurance matters Marine Insurance Marine Insurance Marine Insurance Basic knowledge about marine insurance Marine Insurance Basic knowledge about marine insurance Marine Insurance  1.warehouse to warehouse ：仓至仓 eg：The cargo is to be insured warehouse to warehouse against ALL Risks 2.effect ：投…险 eg：We usually effect insurance against All Risks and War Risks and for the invoice value plus 10% for the goods sold on CIF basis. 3. have the goods covered against ：投…险 eg：We leave the insurance arrangement to you but we wish to have the goods covered against All Risks and War Risk 4.set claims：理赔 eg：Our insurance company is a state-operated enterprise enjoying high prestige in setting claims promptly and equitably and has agents in all main ports and regions of the world. Marine Insurance  5. for one’s account ：由…付钱 eg：We agree to your request to insure the shipment for 130 % of the invoice value, but the premium for the difference between 130% and 110% should be for your account. 6. debit note 索款通知 eg：The extra premium will of course be refunded to you upon receipt of your debit note, or if you like, you may draw a sight draft on us for the amount. 7.compensate 赔偿 eg： We are sorry to learn that your goods are badly damaged during transit and the insurance and the insurance company will compensate you for the losses according to the coverage arranged. 8.surveyor 检验员 Marine Insurance Letter-1 A Letter Enquiring for Insurance Rate Marine Insurance Letter-2 Insurance Company’s Reply Business Correspondence Unit 8 Unit 8 Business Correspondence 海运保险 PICC People’s Insurance Company of China I.C.C. Institute Cargo Clauses C.I.C. China Insurance Clauses F.P.A. Free from Par