We will()the premium to you()receipt of your debit note.A. refund, uponB. give, inC. s
We will()the premium to you()receipt of your debit note.
A. refund, upon
B. give, in
C. send, at
D. mail, in
We will()the premium to you()receipt of your debit note.
A. refund, upon
B. give, in
C. send, at
D. mail, in
We will()the premium to you()receipt of your debit note.
A. refund, upon
B. give, in
C. send, at
D. mail, in
A.business class
B.premium class
C.first class
D.economy class
Calculate insurance premium 计算保险费 Suppose we have the following insurance clauses specified in a sales contract. “Insurance to be effected by the Seller for 110% of invoice value against All Risks and War Risks and Strike Risks, as per Ocean Marine Cargo Clauses of PICC, dated 1/1/1981.” The premium rate of All Risks is calculated at 0.3% and the premium rate of War Risks and Strike Risks are calculated at 0.15% and 0.1%. The sales contract is on CIF basis and the invoice value is US$20,000. Please calculate the insured amount and the insurance premium for the cargo. 5'
A.document
B.debit note
C.L/C
D.goods
Calculate insurance premium 计算保险费 Suppose we have the following insurance clauses specified in a sales contract. “Insurance to be effected by the Seller for 110% of invoice value against All Risks and War Risks and Strike Risks, as per Ocean Marine Cargo Clauses of PICC, dated 1/1/1981.” The premium rate of All Risks is calculated at 0.3% and the premium rate of War Risks and Strike Risks are calculated at 0.15% and 0.1%. The sales contract is on CIF basis and the invoice value is US$20,000. Please calculate the insured amount and the insurance premium for the cargo.
A.give a much higher price
B.quote the highest price
C.not provide insurance service
D.charge a lower premium
A: Shall we begin to discuss the terms of insurance right now?
B: OK.
A: We have a deal on CIF price.It means that the insurance should be borne by you, right?
B: Certainly.The premium should be paid by us.All our export goods sold on CIF terms arc insured with the PICC.They provide many kinds of coverages of marine insurance, such as F.P.A., W.P.A., A.R.and so on.
A: What kind of coverage will you arrange for our order then?
B: Usually we']] only insure W.P.A.for this kind.
A: We hope you can cover the Packing Breakage Risk for us.
B: We can do that for you.But additional premium should be on your account.
A.We will pay that.So, please insure the consignment against W.P.A.and Packing Breakage Risk for 150% of invoice value.
B: I am sorry, we only can insure goods for 110% of the invoice value.For 150% , the extra premium will be borne by you.
A: Then we made a deal that we will insure this consignment against W.P.A.and Packing Breakage Risk for 150% of invoice value.Is there anything else about the insurance clause?
B: I don't think so.
Asking Seller to Cover Insurance for 150% of the Invoice Value
Dear Sirs,
We are pleased to advise you that concerning your S/C No.819 for 500 sets color TV, we have issued confirmed, irrevocable L/C No.919 for US $50 000, through the Bank of China, London, valid to October 20.
Please see to it that the goods are shipped before 20th October and the insurance is to be covered for 150% of the invoice value against All Risks.We know that according to your usual practice, you insure the goods only for the 110% of the invoice value, therefore, the additional premium will be for our account.
Please arrange the insurance accordingly and inform us your shipment date after closing the insurance.
Yours faithfully,
Dear Sirs,
Re: Our Order No.1001 for 2000 Washing Machines
We wish to refer you to our order No.1001 for 2000 Washing Machines Little Swan Brand, automatic Washing Machines, from which you will see that this order is placed on CFR basis.
As we now desire to have the shipment insured at your end.We shall be pleased if you will arrange to insure the goods on our behalf against All Risks at invoice value 1000000 plus 10% i.e.RMB 1100000.
We shall of course to refund you the premium upon receipt of your debit note or, if you like, you may draw on us at sight for the amount required.
We sincerely hope that our request will meet with your approval.
Yours faithfully,
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