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This information office provides clients with information on cargo insurance. What risks is the People’s Insurance Company of China able to cover? The insurance coverage is stipulated in the insurance policy and insurance clauses in the contract. Generally speaking, under a CIF term, it covers only WPA for 110% of invoice value. May I suggest a Free from Particular Average policy? That will cover you if the ship sinks, burns or gets stuck. It’ s important for you to read the“fine print”in any insurance policy so that you know what kind of coverage you are buying. The rates quoted by us are very moderate. Of course, the premium varies with the insurance coverage. The insurance rate for such kind of risk will vary according to the type of cargo. Insurance brokers will quote rates for all types of cargoes and risks. The premium varies with the nature of the goods, the degree of cover desired and the place of destination. With whom do you say I can claim for the loss due to rough handling in transit or unloading? The Insurance Company is responsible for the claim as far as it is within the scope of coverage. The coverage shall be limited to 60 days upon discharge of the insured goods from the seagoing vessel at the final port of destination. If any loss or damage occurs, you may lodge a claim with their agent at your port. The claim is to be supported by a survey report and put in within 60 days after the arrival of the consignment. 1. A: 由于这笔生意以CIF价成交,我方将自己投保。 B: I’d like to recommend that you cover insurance with the PICC. As we have concluded the business on a CIF basis, we’ll cover the insurance ourselves. 2. A: What kind of insurance clauses do you cover? B: 我们一般承保平安险、水渍险和一切险。 We generally insure against FPA, WPA and All Risks. 3. A: How are we going to cover this cargo? B: 这批货将按“仓对仓”条款投保一切险。 This cargo is to be insured against All Risks on a warehouse to warehouse basis. 4. A: Who will pay for the extra premium? B:不言而喻(It goes without saying)额外保费应由
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