CHINA EXPORT & CREDIT INSURANCE CORPORATION
excel筛选重复数据SHORT-TERM COMPREHENSIVE POLICY
Short Term Export Credit Insurance Policy (Comprehensive Cover)
Insurance Company: China Export & Credit Insurance Corporation Type of Insurance: Short Term Export Credit Insurance Name of Provisions: Short Term Export Credit Insurance (Comprehensive Cover) Policy Version of Provisions: Short Term/Main Risks/ Comprehensive Risk Insurance 2009 Chapter One Scope of Policy
Article I Cover is provided under the Policy for the export trade conducted by the enterpris registered within the territory of the People’s Republic of China, which satisfies the following conditions: (i) The sales contracts are real, legitimate and valid, which generally specify the main claus, such as the parties concerned, type of goods, quantity, price, time/place/mode of delivery and payment terms,etc.; and (ii) Payment is to be made by L/C or non-L/C methods, in either ca the credit period does not exceed 360 days, and the L/C shall be an irrevocable documentary one opened according to the Uniform Customs and Practice for Documentary Credits. Chapter Two Coverage Article II During the Policy Period, after the Insured dispatches goods in accordance with the terms and conditions of a sale
s contract or, as a beneficiary, prents documents according to the terms of an L/C, the Insurer shall assume the liability for the Insured’s direct loss resulting from the following risks in accordance with the terms and conditions of the Policy: (i) Commercial risks In ca of payment by non-L/C, including the following circumstances: 1. Buyer’s Bankruptcy or insolvency or ; 2. Buyer’s Protracted Default or 3. Buyer’s Refusal to take delivery of goods. In ca of payment by L/C, including the following circumstances: 1. Issuing Bank’s Bankruptcy, winding-up or a receiver is appointed for it or;
1 THIS ENGLISH VERSION IS FOR REFERENCE ONLY AND THE CHINESE WORDING IS LEGALLY BINDING.
CHINA EXPORT & CREDIT INSURANCE CORPORATION
SHORT-TERM COMPREHENSIVE POLICY
2. Issuing Bank’s Default or 3. Issuing Bank’s refusal to accept the L/C. (ii) Political risks In ca of payment by non-L/C, including the following circumstances: 1. The Buyer’s country or region promulgates any laws, decrees, orders, rules or takes any administrative measures, prohibiting or restricting the Buyer from paying the proceeds in the currency agreed in the contract or in any other f
忍字头上一把刀reely convertible currency, prohibiting the importation of the goods purchad by the Buyer, canceling the import licen already issued to the Buyer or refusing to approve extension of the period of the import licen; 2. A general moratorium is declared by the Buyer’s country or region or by a third country through which payment of the proceeds must be effected; 3. The occurrence of war, civil commotion , insurrection, revolution or rebellion in the Buyer’s country or region, which prevents the Buyer from performing the contract; or 4. Other events determined by the Insurer as political risks which prevent the Buyer from performing the contract. In ca of payment by L/C, including the following circumstances: 1. The Issuing Bank’s country or region promulgates any laws, decrees, orders, rules or takes any administrative measures, prohibiting or restricting the Issuing Bank from making payment under the L/C in the currency specified in the L/C or in any other freely convertible currency; 2. A general moratorium declared by the Issuing Bank’s country or region or by a third country through which the payment under the L/C must be effected; 3. The occurrence of war, civil commotion insurrection, revolution or rebellion in the Issuing Bank’s country or region, which prevents the issuing bank from performing the payment obligations under the L/C; or 4. Other events determined by the Insurer as political risks which prevent the Issuing Bank from performing the obligations under the L/C.
领导拜年短信
2 THIS ENGLISH VERSION IS FOR REFERENCE ONLY AND THE CHINESE WORDING IS LEGALLY BINDING.
CHINA EXPORT & CREDIT INSURANCE CORPORATION
SHORT-TERM COMPREHENSIVE POLICY
Chapter Three
Exclusions
记事作文800字Article III Unless otherwi provided in the Policy, the Insurer shall not be liable for any of the following loss: (i) Loss from exchange rate fluctuations; (ii) Loss from breach of contract, fraud or other illegal acts by the Insured or its agent(s), or from bankruptcy of the Insured’s agent(s); (iii) Loss incurred which the Insured knows or ought to know the occurrence of any of the risks listed in Article II of the Policy, or the Insured continues to export to the buyer after the material or anticipatory breach of the sales contract by the Buyer. (iv) The following loss where payment is made by non-L/C methods 1. Loss insurable under cargo transport insurance or other types of insurance; 2. Loss from bankruptcy, breach of contract, fraud or other illegal acts by the Buyer’s a
gent(s); 3. Loss from relea of documents by a bank, or from relea of goods by a freight forwarder or carrier without proper authority; 4. Loss from Commercial Risks as a result of exports by the Insured to its Affiliated Company(ies); 5. Loss from frustration of the sales contract due to failure by the Insured or the Buyer to obtain any necessary licen, approval or authorizations in a timely manner; (v) The following loss where payment is made by L/C methods 1. Loss from refusal by the Issuing Bank to accept the L/C or make payment thereunder becau the documents are not in conformity with the terms and conditions of the L/C or are inconsistent with each other; 2. Loss from delay, loss, damage or mis-delivery of the documents under the L/C occurred in the process of dispatch or electronic transmission; 3. Loss from fraudulent or void L/Cs; or (vi) Any other loss beyond the coverage of the Policy. Chapter Four Limit of Liability
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彷徨的近义词
Article IV The Limit of Liability includes the Maximum Limit of Liability and the Credit Limit. (i) The Maximum Limit of Liability under the Policy means, during a Policy Period, the maximum amount of aggregate loss for which the Insurer may be liable in respect of the exports declared by
一亩地计算方法
3 THIS ENGLISH VERSION IS FOR REFERENCE ONLY AND THE CHINESE WORDING IS LEGALLY BINDING.
CHINA EXPORT & CREDIT INSURANCE CORPORATION
SHORT-TERM COMPREHENSIVE POLICY
the Insured to the Insurer in accordance with the Policy. The Maximum Limit of Liability is specified in the Schedule of the Policy; (ii) The Credit Limit is the maximum amount of loss approved by the Insurer, for which the Insurer may be liable in respect of the exports dispatched to a specific buyer or of the exports under the L/Cs opened by a specific Issuing Bank. The actual amount of indemnity is to be calculated according to the Indemnity Ratio specified in the Policy; 1. The Insured shall, in respect of the exports covered under this Policy, apply to the Insurer in writing for Credit Limits for each Buyer or each Issuing Bank. 2. The approved Credit Limit is valid for the underlying exports dispatched after its effective date. Unless specified otherwi, the Credit Limit is revolving during the Policy Period. The Insurer is entitled to adjust the Credit Limit according to the actual u of the Credit Limit by the Insured. Where the Insured fails to declare the shipments beyond the “Idle Period of Limit”, the Insurer is entitled to cancel the corresponding Credit Limit; 3. Once a new Credit Limit c
omes into effect, the previous Credit Limit in respect of the same Buyer or the same Issuing Bank becomes invalid automatically. The balance of the coverage under the invalid Credit Limit is transferred under the newly approved Credit Limit; 4. From the date the Insured prents a Threatening Loss Notification in respect of any Buyer or Issuing Bank, the Credit Limit approved by the Insurer in respect of the said Buyer or Issuing Bank is cancelled automatically; where there is material change to the risk profile, the Insurer is entitled to adjust or cancel the Credit Limit and notify the Insured thereof in writing; 5. The adjustment or cancellation of a Credit Limit is valid for the exports dispatched after the date of adjustment or cancellation and does not affect the liabilities assumed by the Insurer before that date; and 6. The Insurer is not liable for the exports in respect of any Buyer or Issuing Bank if the Insured fails to obtain a Credit Limit for it before dispatching the goods, or the Credit Limit for the relevant Buyer or Issuing Bank becomes invalid or is cancelled. Chapter Five Declaration
Article V The Insured shall declare to the Insurer the exports which fall within the Scope of Policy in the way(s) specified in the Schedule of the Policy and in the form stipulated by the Insurer. Article VI The Insurer is not liable for the exports which the Insured does not declare or declares incorrectly. The Insured is obliged to declare as soon as possible the exports which are not declared in the pres
cribed time limit. If however any loss or any event which may result in a loss has occurred in respect of such un-declared exports, the Insurer is not liable therefor.现在几点了英语
4 THIS ENGLISH VERSION IS FOR REFERENCE ONLY AND THE CHINESE WORDING IS LEGALLY BINDING.
CHINA EXPORT & CREDIT INSURANCE CORPORATION
SHORT-TERM COMPREHENSIVE POLICY
If the Insured fails to declare or omits to declare intentionally, the Insurer is entitled to refu to indemnify the Insured for all the loss incurred in respect of the exports under the Policy and to retain the premiums received. Chapter Six Premium
Article VII The Insurer shall calculate and collect the premium payable on the basis of the methods specified in the Schedule of the Policy. The Insurer shall not be liable for the exports declared by the Insured if the Insured fails to pay the premium in full within the prescribed time limit. Where the Insured fails to pay the premium 60 days from the prescribed time limit, the Insurer is entitled to terminate the Policy and shall notify the Insured thereof in writing. The Policy becomes void from the
date the written notice is delivered to the Insured. The premium paid under the Policy is non-refundable. The termination does not relea the Insurer of its liabilities assumed under the Policy before the date of termination. Article VIII Where there is material change to the risk profile, the Insurer may modify the premium rate and notify the Insured thereof in writing. The modified rate shall take effect as from the effective date specified in the notice of modification.
Chapter Seven
Claim
Article IX The Insured shall submit Threatening Loss Notification to the Insurer in respect of the Protracted Default under Article II of the Policy within 30 days, or in respect of any other risks within 10 working days, from the date it knows or should have known the occurrence thereof. Insured’s submitting the Threatening Loss Notification is the precondition for claims. Where the Insured fails to submit the “Threatening Loss Notification” within the time limit prescribed in the Policy, the Insurer is entitled to reduce the Indemnity Ratio. If the Insured fails to submit the Threatening Loss Notification within 6 months from the prescribed time limit, the Insurer is entitled to reject the claim. Article X Where the proceeds are received after the Threatening Loss Notification is submitted, the Insured sh
all notify the Insurer thereof in writing within 10 working days upon receipt of the payment. Article XI The Insured shall submit a Claim Form together with all the supporting documents listed in the Claim Documents Schedule to the Insurer within 4 months following the submission of the Threatening Loss Notification. Otherwi, except for the prior written connt by the Insurer, the Insurer is entitled to reduce the Indemnity Ratio or reject the claim. If the documents submitted by the Insured is incomplete and the Insured fails to produce supplementary documents according to the request of the Insurer, the Insurer is entitled to reject the claim.
数学与应用数学5 THIS ENGLISH VERSION IS FOR REFERENCE ONLY AND THE CHINESE WORDING IS LEGALLY BINDING.
