Unit 11 insurance(4学时).ppt

Insurance Cargo transport insurance Insurance It is customary to insure goods sold for export against the risks of the journey. In international trade, the transportation of goods from the seller to the buyer is generally over a long distance by air, by land or by sea and has to go through the procedures of loading, unloading and storing. During this process it is quite possible that the goods will encounter various kinds of risks and sometimes suffer losses. In order to protect the goods against possible loss in case of such risks, the buyer or seller before the transportation of the goods usually applies to an insurance company for insurance covering the goods in transit. Cargo Transport Insurance Cargo Transport Insurance Learning objectives Terms and Logos Language Features Perils and losses Insurance Cover/Coverage Specimen letter Supplementary study Sentence patterns Familiarize with the Following Terms and Logos Insurer Insured Insurance policy Insured amount Premium logos Familiarize with the Following Terms and Logos is the party who insures others against loss or damage and undertakes to make payment in case of loss. For insurer, the following should be referred to Underwriter, insurance company broker Underwriter Underwriter is a person who makes insurance contracts for the goods transported by sea. Insurance company is an insurer or organization that collects premiums and underwrites policies. broker Broker in the western countries, the exporter, who wishes to have his goods insured, does not approach the insurer directly but instructs an insurance broker to insure on his behalf. The exporter forwards his instructions on a form supplied by the broker and gives the required details on the form. Insured/assured保户 Insured is the party who is insured against loss and to whom payment covering the loss will be made. insurance value The is calculated as: cost of goods + amount of freight + in