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IV. Dialogue 1 A: Hello! I’d like to ask you about the insurance coverage of the platinum ornaments concluded on CIF basis. B: It is clear that you don’t need to insure All Risks. A: Can you tell me why? B: Because the platinum ornaments don’t belong to the goods that easily break. It won’t be seriously damaged during the delivery. WPA will be enough. 课后练习 Dialogue 2 A: What risks will you cover against for the goods concluded on the basis of CIF? B: According to our country’s practice, the exported products are generally insured All Risks. A: Does All Risks cover all kinds of risks? B: No, it only covers WPA and FPA. According to our past experience, it is enough to insure All Risks for the goods exported to Southeast Asia. A: Then how to calculate the insurance value? 课后练习 B: It includes the costs of the goods, plus freight, plus insurance premium and reasonable profits for the buyers (generally at 10 to 15 percent of the invoice value). 课后练习 Ⅴ. David: We have concluded our business. The problem now is to clarify the insurance on our seafood. Li: I’d like to provide all the relevant services. David: I’d like to know what risks you will cover against for the goods concluded on CIF basis. 课后练习 Li: According to our past practice, we only insure WPA. David: If we want to insure the Risk of Theft and the Risk of War, can you cover these risks for me? Li: If you require the additional risks we can cover it for you. But that will add to the costs. It is enough to insure the Risk of Theft and the Risk of War is not necessary. 课后练习 David: Judging from the situation of the Middle-East conflict, the Risk of War should be included. Li: Since you require that, we can satisfy your requirement. David: Who will pay the additional premium for the additional risks? Li: The buyer will have
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