外贸英语函电. Fulfillment of Contract. Task Four Insurance. Task of this section: Write a letter to talk about the insurance requirement. 背景资料. 你给客户报 CFR 价，信函如下： Dear Mary, For Vitamin B12, our price is USD21.74/kg CFR Asuncion and it is packed 1 kg to one
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Fulfillment of Contract
Task of this section:
Write a letter to talk about the insurance requirement
For Vitamin B12, our price is USD21.74/kg
CFR Asuncion and it is packed 1 kg to one
carton. As this is our best price, we hope you
can accept it as soon as possible.
Thank you for your CFR offer. But I’d like to have the goods insured at your end. Could you arrange it? If it’s OK, please give me a price on CIF basis as soon as possible.
1. The purpose of insurance
——to provide compensation for those who suffer
from loss or damage. It is a contract of indemnity, a contract to restore to someone, either the full amount of the loss that may be incurred, or a specified percentage of the amount of the loss.
the party who agrees to accept the risk
the party seeking protection from the risk
the party who will get the compensation
when any losses occur
can be same
The principal perils which the basic Marine
policy of PICC insures against under its Ocean Marine Cargo Clause are:
1)基本险包括：平安险（Free from particular Average, FPA），水渍险（With Particular Average, WPA）和一切险（All Risks, AR）三种。
Free from particular Average(F.P.A.)Insurance: 平安险
The insurance company will be responsible to pay claims for total or constructive total losses suffered by the whole lot of cargoes during the transportation due to such natural calamities as vile weather, thunder and lightning, tidal wave, earthquakes, and floods, or for total or partial losses due to the ship or carrier being fire, stranded, sinking, colliding or meeting other fortuitous accidents.
The insurance company will also be responsible, when losses are incurred in the course of loading or unloading, for instance, when one or several whole parcels of the goods are dropped into the sea and are considered lost, or when general average is incurred, i.e. when losses or expenses are incurred in the common interest.
With Particular Average(W.P.A.)Insurance:水渍险
The cover under this insurance is more extensive. The insurer is liable also for the partial losses of the insured goods due to the risks caused by natural calamities mentioned under F.P. A insurance.
All Risks,(A.R.) Insurance: 一切险
Among the three kinds of basic insurance, under an "all risks" policy the goods are insured against all risks, e.g. from natural calamities, fortuitous accidents at sea, or general extraneous risks, irrespective of percentage of loss, total or partial. A natural deterioration of perishable goods, delay, loss or damage caused by inherent vice or nature of the subject matter are not covered.
一般附加险（general additional risks）和特殊附加险（special additional risk）
偷窃提货不着险（Theft, Pilferage and Non-delivery缩写为 T.P.N.D）
淡水雨淋 （Fresh Water&/or Rain Damage）
短量（Risk of Shortage）
混杂玷污险（Risk of Intermixture and Contamination）
渗漏险（Risk of Leakage）
碰损破碎险（Risk of Clash and Breakage）
串味险（Risk of Odor）
受潮受热险（Damage Caused by Sweating and & Heating）
包装破裂（Breakage of Packing）
锈损险（Risk of Rust）
交货不到险（Failure to Delivery）
进口关税险(Import Duty Risk)
舱面险(On Deck Risk)
It is a loss resulting from a voluntary sacrifice or expenditure in time of peril, for the safety of hull, cargo and freight.
It means partial loss or damage accidentally caused to the ship or to a particular lot of goods. Particular average is not a total loss. It must be borne by the owner of the property suffering the loss, it is distinct from general average, which is shared by all who have a financial interest in the voyage and its risks in proportion to the value of their interests.
Cost of goods + amount of freight +insurance premium +a percentage of the total sum to represent a reasonable profit on sale of goods
1. cover insurance on… against…
eg. We cover insurance on the goods for 110% of the invoice value against All Risks and War Risk.
arrange insurance, effect insurace, provide/take out insurance
eg.For this contract, we would like you to arrange insurance at your end.
2. at a premium of
eg. This kind of additional risk is coverable at a premium of 2%.
3. for buyer’s account
eg. Under different trade terms, the insurance charge can go for buyer’s account or the seller’s account.
Similar phrase：to be borne by the buyer, to be charged to the buyer’s account
insurance n.: 保险
insurance agent 保险代理人
insurance broker 保险经纪人
insurance certificate 保险凭证
insurance market 保险市场
insurance policy 保险单
insurance company 保险公司
to arrange /cover /effect/provide/ take out insurance
1)We shall provide such insurance at your cost.
2)Have you taken out insurance?
insurance company 保险公司 insurer 保险人
insurance broker 保险经纪人 insurance underwriter 保险承保人
insurance applicant 投保人 insurant, the insured 被保险人，受保人
to cover (effect,,take out) insurance 投保 insurance coverage; risks covered 保险范围
insurance slip 投保单 insured amount 保险金额
insurance premium 保险费
insurance against risk 保险 insurance clause 保险条款
insurance instruction 投保通知 insurance business 保险企业
insurance conditions 保险条件
v. insure 表示保险
insure the goods
For the buyer's account
On behalf of the buyers
With an insurance company
For 10% above the invoice value
For 110% of the invoice value
With Particular Average
Against All Risks
It is the usual practice to cover for 110% of the invoice value,
to cover for 110% of the invoice value : to cover for 10% above/over insurance value 或者是:
to cover at invoice value plus 10% 这里指按发票价的110%投保。
You are required to cover the goods against All Risks at invoice value plus 10% .
We shall insure the goods for 10% above the invoice value.
insure sb. against…为某人投保……险
Most of our buyers do not want to insure against the Risk of Breakage for this article.
Please insure against All Risks for (at) 10% over (above) the total invoice value.
We have insured W.P.A. and against War Risk at 110% of the invoice cost (value, amount).
We’ll arrange an open cover at our end.
We usually cover insurance as per OMCC of PICC dated Jan.1, 1981.
As requested by our clients, we’ll insure against WPA and War Risk on this shipment.
For fragile goods like porcelain, sophisticated instruments, Breakage Risk is a must.
The franchise rate is 5%, which means the insurance company won’t compensate for any breakage if less than 5% of the entire shipment is found broken.
We can only cover WPA, from warehouse to warehouse valid for 15 days.