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世纪商务英语 商务单证 齐齐哈尔职业学院外语系
Unit 7 Insurance Policy DEFINITION Insurance policy is an evidence of insurance issued to the insured by the insurer, an evidence of lodging and accepting a claim and an important document for negotiation on CIF basis. On the other hand, it’s also a contract which stipulates both parties’ rights and responsibilities.
FORMS Insurance policy Insurance certificate Open policy/ open cover Insurance declaration Combined certificate
It should be the given number by insurance company. It should be made according to L/C stipulations. When there is no stipulation in the L/C, exporters usually submit a full set of insurance policy, which covers one original and one duplicate. It should keep the same as that in the invoice. 1.Number of Originals 3. Invoice Number 2、Policy Number It should be made according to L/C stipulations. When there is no stipulation in the L/C, exporters usually submit a full set of insurance policy, which covers one original and one duplicate. Contents Usually the insurance company should stamp the insurance clauses at the requirements of the insured. 4.Insured 8.Conditions It is the number of the biggest packages,quantity and unit. It can use the general name of goods and keep the same as that in the L/C. 5. Description of Goods 7. Amount Insured 6.Packing, Unit, uantity The amount usually will be 110% of the invoice value.
It should be the total amount in words. Usually the insurance company will print “as arranged” on the insurance policy. If L/C asks for details, premium shall be specified. It should be the same as that in the L/C and the relevant invoice. 10. Total Amount Insured 9. Marks of Goods 11. Premium The name of the vessel and second ship (in case of transshipment) will be specified.“As per B/L” can be also filled in. It should comply with the L/C. If there is no stipulation in the L/C, it will be the port of destination for the purpose of claim. The currency should also be indicated. 16. Claim Payable at 12. Per Conveyance S.S. Contents It should be the port of shipment and port of destination. It should be the stamp of the insurer, and the signature of the person in charge. 13. Sailing on or about It can be the issuing date of B/L, or any date within 5 days before or after the issuing date or “As per B/L date”. 15. Insurer 14. From….To
It should be the total amount in words. Usually the insurance company will print “as arranged” on the insurance policy. If L/C asks for details, premium shall be specified. It should be the same as that in the L/C and the relevant invoice. 10. Total Amount Insured 9. Marks of Goods 11. Premium The name of the vessel and second ship (in case of transshipment) will be specified.“As per B/L” can be also filled in. It should comply with the L/C. If there is no stipulation in the L/C, it will be the port of destination for the purpose of claim. The currency should also be indicated. 16. Claim Payable at 12. Per Conveyance S.S. Contents It should be the port of shipment and port of destination. It should be the stamp of the insurer, and the signature of the person in charge. 13. Sailing on or about It can be the issuing date of B/L, or any date within 5 days before or after the issuing date or “As per B/L date”. 15. Insurer 14. From….To
It is the issuing date of insurance policy, not later than the date of B/L. 17. Date It should be the place of beneficiary. The consignor should make an endorsement on the overleaf of the policy so as to transfer all rights of it to the consignee. 18. AT Contents 21. Endorsement It is the address of insurance company. The name and address of an agent of the insurance company at port (place) of destination should be mentioned here for the sake of the insured. 19. Address 20. Agent of the Insurance
