Module Twelve: Insurance

1. Module Twelve: Insurance • Insurance coverage • Intensive Study • Homework • Reference books for further reading • Supplementary Material

2. Insurance coverage • 表示险别的表达有以下几种：基本险和附加险（additional risks） • 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。 • 2)平安险不承担单独海损的赔偿，是一种范围较窄的险别，不承担部分海损。只提供类似船只搁浅等实际海损所引起的全损及共同海损的赔偿。 • Free from particular Average (F.P.A.) Insurance: 平安险

3. Intensive Study • Vocabulary ＆ Notes • Useful Sentences • Summary :Terms Used in Insurance

4. Vocabulary ＆ Notes • （1）Additional Notes (疑难浅析) • C.I.F.:即Cost Insurance Freight的缩写，成本加保险费，运费。 • ① insurance n.: 保险 • ② insurance agent 保险代理人 insurance broker 保险经纪人 • insurance certificate 保险凭证 insurance commission 保险佣金 • insurance market 保险市场 insurance policy 保险单

5. Vocabulary ＆ Notes • insurance amount 保险金额 • insurance coverage 保险范围 • insurance company 保险公司 • insurance clause 保险条款 • insurance instruction 投保通知 • insurance business 保险企业 • insurance conditions 保险条件 • ③ 表示“投保”，“办理保险”可用： to arrange /cover /effect/provide/ take out insurance • 1)We shall provide such insurance at your cost. • 2)Have you taken out insurance on the tiles?

6. Vocabulary ＆ Notes • ▼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. • ▼ 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.

7. Vocabulary ＆ Notes • 3)水渍险对整个保险期间内由海难引起的全部损失或损坏提供广泛保险。 • 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. • 4)一切险承担不管是海难还是一般外来险原因所造成的被保之物的全损或部分损失的赔偿责任。一切险除包括共同海损和单独海损责任外，保险公司对被保险货物在运输途中由于外来原因造成的短少，短量，渗漏，碰碎，钩损，雨淋，生

8. Vocabulary ＆ Notes • 锈，受潮，受热，发霉，窜味，玷污等全部或部分损失也负责赔偿。“一切险”是保险上的一个特定名词，不应该认为所有可能发生的危险都已包括在内，比如它就不包括战争险，不合格包装，内在缺点等。 • 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.

9. Vocabulary ＆ Notes • 5)附加险包括：一般附加险（general additional risks）和特殊附加险（special additional risk） • ▼一般附加险主要有：偷窃提货不着险（Theft, Pilferage and Non-delivery缩 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）

10. Vocabulary ＆ Notes 串味险（Risk of Odor）,钩损险（Hook Damage）,受潮受热险（Damage Caused by Sweating and & Heating）,包装破裂（Breakage of Packing）, 锈损险（Risk of Rust）等。 • ▼特殊附加险主要：战争险（War Risk）,罢工险(Strikes Risk),交货不到险（Failure to Delivery）,进口关税险(Import Duty Risk),舱面险(On Deck Risk),拒收险(Rejection Risk)和黄曲霉素险(Aflatoxin).

11. Useful Sentences • What risks is the People's Insurance Company of China able to cover? • 中国人民保险公司承保的险别有哪些？ • What risks should be covered? • 您看应该保哪些险？ • What kind of insurance are you able to provide for my consignment? • 贵公司能为我的这批货保哪些险呢？ • It's better for you to can the leaflet, and then make a decision. • 你最好先看看说明书，再决定保什么险。

12. Useful Sentences • These kinds of risks suit your consignment. • 这些险别适合你要投保的货物。 • May I ask what exactly insurance covers according to your usual C.I.F terms? • 请问根据你们常用的CIF价格条件，所保的究竟包括哪些险别？ • 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. • 阅读保险单上的“细则”对你是十分重要的，这样就能知道你要买的保险包括哪些项目。

13. Useful Sentences • ● In our opinion, this type of coverage is necessary for the comparatively valuable and fragile cargo. • 我方认为,这类保险对高值, 易碎的货物来说是必要的. • coverage: n. 保险范围 eg.The coverage is written in the basic policy form and the clauses for different risks. • We shall provide such coverage at your cost .

14. Useful Sentences • .It is the usual practice to cover for 110% of the invoice value, 请按惯例为我方以发票金额的110%投保,即50,000美元. • ▼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.

15. Terms Used in Insurance 保险中的常用术语     S.R.C.C.( Strikes, Riots  &  Civil Commotions) 罢工、暴动及民变 Sweating & Heating Risks   受潮受热险Taint of Odour Risk  串味险T.L.O.(Total Loss Only)  全损险T.P.N.D.)Theft, Pilferage & Non-delivery)  偷盗及提货不着险War Risk    战争险perils of the sea         海上风险extraneous risks      外来风险total loss     全损actual total loss       实际全损constructive total loss      推定全损absolute total loss            绝对全损general average     共同海损particular average     单独海损

16. Terms Used in Insurance 保险中的常用术语 • IV.      All Risks  综合险（一切险）Breakage of Packing Risk    包装破碎险Clash & Breakage Risks  碰损、破碎险Failure to Deliver Risk  交货不到险F.P.A. (Free from  Particular Average)  平安险Fresh and/or Rain Water Damage Risks 淡水雨淋险Hook Damage Risk  钩损险Import Duty Risk  进口关税险Intermixture & Contamination Risks        混杂、玷污险 Leakage Risk  渗漏险Rejection Risk  拒收险Rust Risk  锈损险Shortage Risk   短量险

17. Homework: • ●Review the whole text • ●preparing some information on the next text, lesson13

18. Reference books for further reading • 国际贸易业务实训/侯海英，栾红主编。--北京：经济科学出版社，2007.3 • 新编外贸单证实务/余心之，徐美荣主编—北京：对外经济贸易大学出版社，2004

19. Transportation Insurance • Cargo transportation insurance falls into the category of property insurance . There are: • Whatever mode of transport is adopted, there will be many risks to cargo transportation at any stage of the transit. So, exporters or importers need to cover insurance on their goods with insurance companies against different risks. • Basically six principles that shall be sought after in such insurance: Insurable Interest Principe, Bona Fide Principle, Immediate Cause Principle, Subrogation Principle, Indemnification Principle and Share Principle. • Cargo transportation insurance can be classified into ocean marine cargo insurance, overland transportation insurance, air transportation cargo insurance and parcel post insurance.

20. Transportation Insurance • to losses at sea, where risks were always great. Now it has become a vast subject, entering into almost every activity of human beings. As far as foreign trade is concerned, there are various kinds of risks which can be covered caro insurance mainly includes ocean transportation cargo insurance, ocean transportation cargo war cagrgo insurance is made up of air transportation insurance, air transportation all risks The ocean marine insurance, ocean transportation frozen cargo insurance and ocean transportation wood-oil bulk insurance. • The overland transportation insurance chiefly consists of overland transportation cargo insurance, overland transportation cargo war insurance and overland transportation frozen cargo insurance.

21. Transportation Insurance • The air transportation and air transportation cargo war risks. • Insurance was originally applied under an insurance policy such as: Free from Particular Average (F.P.A) with Average or with Particular Average(W.A. or W.P.A) and All Risk , etc. • The parcel post insurance refers to parcel post risks, parcel post all risks and parcel post war risks.