General Average (G.A.)共同海损 Particular Average (P.A) 单独海损 Average*** In insurance , it is an anglicised translation of a French meaning loss.
According to China Insurance Clauses (CIC), coverage of insurance is mainly classified into: Major/Basic risks (基本险) Additional risks(一般附加险) Special risks(特殊附加险) Extraordinary risks(其他特殊附加险)
Letter 1 (Asking the Seller to Effect insurance)
买方按CFR价格订购,但现在希望卖方代为安 排保险事宜,写信告知保险要求:投保一切险, 保险金额为发票金额加10%,保险费由买方承担。
Dear Sirs, We wish to refer you to our Order No. 1004 for 500 cases of toys, from which you will see that this order is placed on a 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 plus 10%, i.e. USD 5,500.00.