Project 10Project 10

InsuranceInsurance

1. Different Insurance Clauses

2. Different ways of expressing the insured amount 3. Three basic Risks 4. Other Additional Risks 5. Insurance Policy/ Certificate 6. Open Policy 7. Coverage

Main & Difficult Points

44 －－ 44 －－ 2 sample letters2 sample letters

4-4-1 Layout of Insurance

Dear Sirs, We wish to insure the goods under the order No 1052 against All Risks for the sum of USD1, 520.00. These goods are now lying at No 2 Dock, waiting to be shipped if you will let us have the policy as soon as it is ready. In the meantime, please let us have your confirmation that you have the consignment covered. Yours faithfully ， Liuchang

1. 称呼

2. 正文 :1 ）告知货物需 投保；2 ）投保的险 别；3 ）保险金额。3. 请求对方及 时告知我方 有关保险办 理进程。

4. 结束礼词

5. 签名

1.insure :cover /effect/provide/take out insurance insure the goods against a risk insure (against) a risk insure the good against a risk through a company for the amount1 ）我方已经给这 20 吨大豆投保了水渍险。

We have insured 20 tons of soybeans against WPA.2 ）请投保平安险

Please insure (against) FPA.3) 我方已经给这 100 公吨花生通过中国人民保险公司按照发票金

额

110% 投保了一切险

We have insured the 100 M/Ts of groundnuts for 110% of the invoice value against All Risks through PICC.

Language Points

1. consignment 整批货物

2. Open policy: It will provide a maximum limit of protection for the consignment with the lowest rate for insurance. 预约保险为托运的货物提供了最大限度的保护，而保险费用

又是最

的。

3. consign v. 把（货物）托运给某人出售

1) 货物由铁路托运给你。

The goods were consigned to you by railway.

• 4-4-2 Sample Letters

Importer asks exporter to cover insurance

Dear Sirs,We wish to refer you to our Order No 123 for 1,000 cases Toy, from which you will see that this order is placed on CFR basis.In order to save time and simplify procedures, we now desire to have shipment insured at your end. We shall be pleased if you will arrange to insure the goods on our behalf against All Risks for 110% of the full invoice value.We thank you for your cooperation in advance.Yours Sincerely,XXX

Sample Letter 1

1. save time and simplify procedures 节约时间和简化程序

2. on one’s behalf :on behalf of 代表…

1) 我代表该部门感谢你方。

On behalf of the department I would like to thank you all.

3. in advance 提前

1 ）如果你提前预定门票，将会便宜一些

It’s cheaper if you book the tickets in advance.

Language Points

Inquiring about insurance rate

Dear Sirs, We will send a consignment of 1,000 Panda receiver to New York. The consignment is to be loaded on the s. s. “Dong Feng” which sails from Tsinan on July 2.Details with regard to packing and values are attached, and we would be grateful if you could quote a rate covering the All Risks.A prompt reply will be appreciated.Yours Faithfully,XXX

Sample Letter 2

1. rate :insurance rate 保险费率

at the rate of

2. Premium 保险费

at a premium of extra premium premium rate

Language Points

A ReplyDear Sirs,

Thank you for your letter of 26th May asking us to quote a rate covering the All Risks.

The premium to this cover is at the rate of 0.65 ％ of the declared value of USD 125,000.

This is an exceptionally low rate and we trust you will be satisfied with and give us the opportunity to handle your insurance business. We are ready to assist you at any time on all future insurance contracts.

Yours faithfully,

XXX

Sample Letter 3

Applying for InsuranceApplying for Insurance

Dear Sirs,

We wish to insure 1000 dozen of Women’s blouse against All Risks for the sum USD 12,200.These goods will be shipped by s.s. “Tsinan”, due to leave for Seoul on February 12.

We require immediate cover as far as Seoul and shall be grateful if you will let us have the policy as soon as it is ready. In the meantime, please let us have your confirmation that you hold the consignment covered.

Yours faithfully,

XXX

Sample Letter 4

1.apply apply for 申请

apply for a job apply to sb. For sth. apply to a company for a job

2.due 适合

1) 我方会在适当的时候处理你方要求

Your request will be dealt with in due course be due （ to ） 预期 , 到期，

2 ）下一列次火车在分钟之后开出

The next training is due in five minutes.

Language Points

1. 称呼

2. 正文 : 关于 5547 号保险单和 “青岛”号装运的 200 台彩电的来函已获悉 . 现寄保险单一式两份 , 是关于价值788000 美圆 200 台彩电的一切险 . 根据中国人民保险公司条款投保 . 于2007 年 8 月 15 号有“青岛”号从上海运往香港.

3. 结束礼词

4. 签名

Dear Sirs, Thank you for your letter about our insurance certificate No.5547 for 200 colorful TVs by S.S.“Qingdao”.

As requested, we___________________________________________________________________________________________________________________________________________________________________________

We look forward to receiving your further order.

Yours faithfully ，

Liuchang

•2-3 Simulation of Writing Letters

insure you against All Risks of $ 188,000 value of 2oo sets of Color TV Sets of shipped at Shanghai on board S.S.QingDao” sailing for Hong Kong on Aug.15, 2007.Enclosed please find covering policy.

• 4-4-5 Practicing

Part1 Words and ExpressionsThis part is to practice your ability to use words andphrases correctly

Ex1. Translate the following terms and expressions

A. into Chinese1. effect insurance 2. scope of cover3. registered number4. for one’s account 5. apply for sth.to sb.6. open cover policy 7. submit documents8. extra premium 9. OMCC 10.excessive insurance

1. 办理保险

2. 保险范围

3. 注册号

4. 平安险

5. 保险公司

6. 预约保单

7. 提交单据

8. 额外保险费

9. 海运货物保险条款

10. 超额保险

B. into English

1. 淡水雨淋险

2. 发票金额

3. 借计单

4. 调查行

5. 保险费

6. 中国人民保险公司

7. 偷窃提货不着险

8. 平安险

9. 保险金额

10. 一切险

1. fresh water rain damage2. invoice value3. debit note4. survey house5. premium6. PICC7. TPND8. insurance certificate9. insurance amount10. All Risks

Ex2. Fill in the blanks with the words or phrases given in the box

1.We will ______ WPA insurance.2.This insurance policy______ us against TPND.3.The documents will be sent to you under separate_____. 4.We send you herewith a copy of B/L ______shipment of 50 metric tons Walnuts.5.We have pleasure in advising shipment of your Order No.3225_______50 metric tons of Small Red Beans ．6.Please _____against All Risks ．7.We shall provide such _______at your cost·8.Insurance is to be ______by the buyers trader FOB terms9.Buyer’s request for _______to be covered up to the inland city can be accepted on condition that such extra premium is for buyer's account ．10.Regarding insurance ， the _______is for 110 ％ of

invoice value up to the port of destination only.

covered, cover, covers insure, insurance, covering,

coverage, effected,

cover

coverscover

covering

insureinsurance

effected

insurance

coverage

covering

Ex3. Choose the best answer to complete each of the following sentences

1.____ the arrival of the goods, our surveyor re-inspected them carefully.

A. At B. Upon C. In D. Of 2.We are____ the opinion that the damage occurred in transit. A. to B. against C. as D. agree3.This risk is coverable __ a premium of 2% A. at B. with C. on D. to4.The use of woven bags will ___ the risk of breakage. A. cover B. reduce C. average D. insure5.As our clients are in urgent need of the goods, we hope you can ship them_____ delay. A. without B. with C. of D. against

B

B

A

B

A

6.It is obvious that the damage was caused ______ inadequate packing . A. as B. of C. by D. for 7.What are we going to do? ----I’m _____your disposal. A. in B. at C. with D. by 8.The machines were badly rusted. Therefore they cannot be ___into regular service. A. put B. placed C. seated D. thrown 9.Once you receive our letter of complaint, we hope you can give __attention to the case. A. prompt B. quick C. time D. immediately10. Finely, the exporter agreed to accept ____ responsibility for

the incident and promised to replace all the wrongly delivered goods.

A. full B. little C. some D. no

C

B

A

A

A

Ex4. Put in the missing words Dear sirs,

_reply, we would like to _ you that most of our clients are __ their orders with us on CIF ___. This will _ their time and simply procedures. May we suggest that you would _____ this practice.

For your ______, we usually __ insurance

_____the PICC for 110 ％ of the invoice value. We hope that you will __ to our suggestion and

look forward to your favorable.

in inform

placing

basis save

follow

information effect

with

agree

Part 2 Sentences This part is to test your ability to make sentences correctly. Ex5. Identify one error in each of the following sentences and then try to correct it.

1.Owing for the risk of war, we cannot accept the insurance at the ordinary rate.

2.We would like to hear from you with reference to import merchandise from China

3.In general, we insure our export consignments against the PICC.

4.Please see to that the above mentioned goods should be shipped before the 20th May.

5.We shall of course refund the premium to you in receipt of your debit note.

to

on

import

through

it

6.We may cover the inland insurance on your behalf, but you will enjoy the additional premium.

7.Should you insist on 130%, the additional premium should be covered to you.

8.We see no particular reason how we should do it.

9.It is a pity that breakage is uncovered for a commodity of this nature.

10.They will compensate you for the lost according to the provisions of the insurance policy.

pay for

by

why

should be

loss

Ex6. Choose the correct translation for Group A from Group

A

1.It is our usual practice to cover insurance against FPA and War Risk for 110% of the invoice value.

2.An Insurance Policy is contract and serves as evidence of the agreement between the insurer and the insured.

3.This rate is generally adopted by all the large underwriters here.

4.We request you to cover WPA on our cargos for the amount of USD20, 000.

5.If you want insurance to be covered for 130% of the invoice value, we can arrange this subject to an extra premium.

B 1. 此费率为本地所有的大保险 商所普遍接受。 2. 如果你们想按发票金额130% 投保 , 我们可以办理，但要收取 额外的保险费。 3. 请将我方货物按 20000美元的 保值投保水渍险。 4. 我们的惯例是按发票金额的 110% 投保平安险和战争险。

5. 保单是一种契约，是承保人和投 保人之间协议的证明。

Ex7. Complete the following sentences with the expressions given1. 我们要向一客户定期发货，不知你们是否办理预约保险。 (open cover)

2. 我们已与该保险商达成协议，今后我方所有订货的保险事宜由他们办理

(come to agreement)

3. 我们更愿意在此处投保，因为他们的保险费率比较优惠。 (prefer to)

4. 对于按 CIF 成交的货物通常由卖方按发票金额的 110% 投保一切险。(cover

insurance)

5. 我们已在中国人民保险公司为你们第 567 号订单项下的货物投保了一切险和战

险。 (cover)

I wonder if you take out open cover, as we will ship regularly to one of our clients.

We have come to agreement with this underwriter that all our future orders will be covered by them.

We prefer to cover insurance at this end because their premiums are more favorable.

For transactions concluded on CIF basis, insurance is to be covered by the buyers for 110% of the invoice value.

We have insured your goods under Order No.567 against All Risk and War Risk with the People’s Insurance Company of China.

Ex8. Translate the following into Chinese

1.I was under the impression that you covered the goods with W/W (Warehouse to Warehouse) Clause.

2.They will compensate you for the loss according to the provisions of the insurance policy.

3.On going through the clause, we find that the insurance is to cover TPND in addition to basic risks.

4.The insurance company here insure this risk with 5% franchise.

5.Buyers want broad coverage since they feel that WPA cover does not offer adequate protection for this kind of merchandise买方要求扩大保险范围，因为他们认为 WPA 对这种商品来说不能提

供 够保护。

对你方来说按 CIF 与我们开展贸易并由我方办理保险是明智的。

他们将按保单的规定赔偿你方的损失。

研究过该条款后，我们发现除基本险外，还要投偷窃提货不着险。

本地保险公司承保这个险别有 5%免赔率。

Part 3 Letters WritingThis part is to test your ability to do practical writing.Ex9. Translate the following letterA. into Chinese Dears Sirs, Thank you for your L/C received today covering the above

contract. However, we wish to draw your attention to the fact that the subject contract is booked on CFR basis, whereas your L/C calls for CIF. This is obviously inconsistent.

We could have asked you for amendment to the L/C, but on second thought we refrained from doing so. To avoid delay in shipment, the simplest way would be that we arrange the necessary insurance cover here and deduct the premium, which will amount to £200, from the 2% commission payable to you. We will remit the rest part of the commission to you as soon as we have collected the proceeds from the letter of credit.

We trust the above will be acceptable to you. Yours faithfully,

XXX

敬启者 :

关于上述合同的信用证，我们今天已收到，谢。然而我方想提请你方注意：该合同是按 C FR

订立的，但对你方开来的信用证却要求 C IF 价，这然自相矛盾。 我方本要求修改信用证，但进一步考虑后我没有这样做。为避免延迟装运，最简单的解决办是由我方在我处投保。保费计 200英镑，将从应付你方的 2% 佣金当中扣除。余下的佣金我方将在收货款后给你方汇去。 希望你方能够接受。

某某谨上

A. into English

执事先生 :

收到贵方有关 1 0000台德生牌 T- 35 的收音机的装运通知 . 因我方希望货物在贵方投保 ,如

” ”果贵方对由 长城 号货船装运的这批货物投保一切险和战争险 ,将不胜感激 .

请将保险单和费用单寄给我方 .

Gentlemen: We thank you for your shipping advice of 10,000 sets of

Desheng Brand Radio Model T-35. As we desire to have the goods insured at your end, we

shall appreciate it if you will arrange to cover the goods to be shipped by S.S. “Great Wall” against All Risks and War Risk.

Please send us the policy with the note for the charges. Yours sincerely, xxx

THE ENDTHE END