2.3 Notification of shipment under open cover

OAO STALTRANSIT Krivokolenny 9 Moscow Russia
	Our ref. Your ref. 28 May, 20__ International Underwriters Ltd Planter House Princess Street London EC3 8DP Dear Mr. Spike, Open Cover Policy AT 446511 Please note a shipment of steel tubing we are making to our customers RhurGold Gmbh, Hamburg, the details of which are given on the enclosed declaration form, No. 113805 Yours sincerely, Alexey Kardashov Alexey Kardashov Export Department Enc.

FOCUS 2. Comprehension questions.

LEAD-IN

? How can companies protect themselves against loss or damage?

? What is an insurance policy?

? What are the steps in obtaining insurance cover?

? What information is requested from companies willing to take out an insurance policy?

? How is the full amount of the insured goods calculated?

? What is insurance premium? How is it usually quoted in the U.K.?

? What principle is insurance based on?

? What do insurance companies accept when insuring goods?

? What is a cover note?

? What does indemnification mean?

? How do companies make claims for loss or damage?

? In what cases are such claims accepted by insurance companies?

? In what cases do the insurers refuse to pay compensation?

? What sort of policy is preferable in marine insurance?

? What is a valued policy based on?

? What is an unvalued policy?

? What is a time policy?

? What is a voyage policy?

? What is a mixed policy?

? What is a floating policy?

? What is an open cover?

? What are W.A. clause and F.P.A. clause?

? Why does a W.A. policy cost more than F.P.A. clause?

? What is particular average? Who is to bear it?

? What is general average?

? How are claims settled in marine insurance?

LETTER 1.1

? Who wrote the letter?

? How is the consignment to be shipped?

? What is required from the insurance company?

? What is enclosed with the letter?

LETTER 1.2

? What sort of policy is suggested by the insurance company? Why?

? When will the cover note be issued?

? What information is needed to prepare the insurance certificate?

LETTER 1.3

? What information have the exporters received from their customers?

? What is known about the consignment?

? What steps have the exporters taken so far?

? What is requested from the insurance company?

LETTER 1.4

? What is sent by the insurance company?

? What will the assessor do?

? When will the exporter’s claim be considered?

LETTER 2.1

? What is the purpose of the exporter’s applying to the insurance company?

? What is the destination of the exporter’s consignments?

? What sort of policy is the exporter interested in?

? Will the policy indemnify against any eventuality, or only in particular cases?

? What is enclosed with the letter?

? Why does the exporter want to renew the policy?

? What terms is the exporter interested in?

? Is the exporter satisfied with the terms of the floating policy?

LETTER 2.2

? What sort of insurance can be arranged by the insurance company?

? What is the quoted rate?

? What is enclosed with the letter?

? What is requested from the exporter with regardsto the declaration form?

? Is the insurance company ready to renew the floating policy?

? What is the cover under this policy?

LETTER 2.3

? What information is given on the enclosed form?

FOCUS 3. Study the notes, writing patterns and vocabulary.

NOTES