致用商务英语阅读programme nine Business Insurance.pptVIP

★ Terms Pool ★ Model Sentences Model Sentences ★ On Insurance Policy ★ On Insurance Coverage ★ On Premium After reading Read and speak After reading 1. Explain why sellers insure their goods. 2. What are the risks to the cargo while it is in transit? Task 1: Discuss the following questions with your partner after reading the passage. After reading All experienced exporters are aware of the risks to their cargo while it is in transit. These include fire, storm, collision, pilferage, leakage and explosion, etc. Goods traveling to another country must be insured against loss and damage at each stage of their journey so that whatever mode of transport is being used, neither the transporter nor the customer suffers any loss. Task 2: Recite the following paragraph. Company Logo Passage Two Marine Insurance Questions 1. What is marine insurance about? 2. What are the main categories of general cargo insurances? As any experienced exporter knows, ocean cargo insurance is important in foreign trade. Every shipment has to run the risk of a long list of dangers: fire, storm, collision, theft, leakage, explosion, etc. Cargo insurance is the trader’s protection against losses such dangers may cause. By purchasing insurance, the assured protects his financial interests against three things: the risk of loss, the actual loss and the expenses incurred to avoid or reduce loss. Main categories of marine insurance are specified as followed. 1. Free from Particular Average (FPA) Before going to FPA, average terms need to be explained. The word average has a special meaning in cargo insurance. It means partial loss or non-total loss to a ship or cargo. Particular average means a loss that is borne solely by the owner of the lost property (ship or cargo) and general average means a sacrifice made for the common safety of both the cargo and the ship. Partial damage of cargo by sea water is, for instance, a particular average, while partial