国际商务函电双语教程chapter8.pptVIP

BACKGROUND INFORMATION Insurance clause is one of the most important parts in the International Contract. Generally, it mainly includes: two participants, insurance coverage, the insurance amount, premium and the insurance policy. The two participants include the insurer and the insured. The insurer refers to the insurance company or underwriter. Insured refers to the buyer or the seller. The insured pays the premium to the insurer, and then the insured get a policy which is one of the important documents. BACKGROUND INFORMATION The insurance amount is calculated as the total value of the goods based on CIF plus 10%, i.e. 110% of the total invoice value. If the insured requires more than 110% of the total value, the importer has to bear the additional premium. In our country, the main insurance documents are insurance policy, Insurance Certificate, Open Policy and so on. BACKGROUND INFORMATION Insurance Policy is a document issued by the insurer, setting out the exact terms and conditions of an insurance transaction---the name of the insured, the name of commodity insured, the amount insured, the name of the carrying vessel, the precise risks covered, the validity and any exceptions there may be. It is also a written contract of insurance between the insurance company and the insured. BACKGROUND INFORMATION Insurance certificate is a simplified insurance policy. It has the necessary items of an insurance policy, but it doesnt set out the rights and duties of the insurer and the insured, which is still subject to the detailed insurance clauses of a formal insurance policy. An insurance certificate has the same effect as an insurance policy. For all the CIF export contracts, the seller shall, before the shipment, effect insurance with the insurance company in time. Details such as name of commodities, insurance amount, shipping line, sailing date and insurance coverage should be listed when effecting the insurance. BACKGROUND INFORMATION For all the FOB or