January 5, 2010
Lesson 7
The Harmonized Commodity Description and Coding System
1 . Oral work
1. Briefly explain what you know about the Brussels Tariff Nomenclature.
2. Why was a unified classification system called for?
3. What were the objectives leading to the development of Harmonized System in the late l980s?
4. Compared with the CCCN, what are the main advantages of the HS?

Ⅱ. Fill in the blanks with appropriate prepositions or adverbs
The Customs have made public the “List of Articles prohibited __from___ Import and Export”, which provides _for____ the categories __of___ articles prohibited to be carried _into___ or_out of___ the territory __by___ passengers. The prohibited inward and outward articles which have declared __by___ the passengers are to be detained __by___ the Customs, and they must be returned __to___ the places __of___ departure __within___ a time limit. If not, they would be confiscated __by___ the Customs. The articles detained __for___ being detrimental to China politics, economy, culture and morality will not be returned. Passengers who are carrying the articles falling __into___ the categories prohibited __from___ import and export and are evading Customs supervision and control will assume legal or disciplinary responsibilities. < strong>
Ⅲ. Put the following Chinese passage into English
familiar with U.S. tax table (Harmonized Tariff Schedule) the composition of the commodity classification process can help. Tax table is divided into several sections and chapters, respectively, associated with (deal with) extensive catalog of products. These directories include animal products, vegetable products, a variety of basic raw materials such as wood, textiles, plastics, rubber and steel and other metal products. Other parts include chemicals, machinery and electrical equipment, and other specific or product listed. The last part, Part 22, including exceptions and special regulations of certain tariff provisions.
To Be familiar with the structure of American Tariff Schedule is helpful to the classification of goods. The Tariff Schedule in divided by a couple of sections and chapters which are widely dealt with goods in the commodity lists. The lists include animal products , vegetable products, different kinds of basic raw materials such as timber, textile, plastics, rubber, steel and other metal. The other sections cover chemical, machinery, electrical equipment, and other special and unlisted products. The last section, chapter 22, covers some tariff exceptions and special legal provisions.

Lesson 12
Marine Insurance
Exercises
I. oral work
1. Describe the types of basic coverage in English.
2. What is the particular average?
3. What is the general average?
IV . Fill in the blanks with suitable preposition or adverbs :
1. Generally, all perils involved __in___ sea trade are covered ___by__ a standard marine policy but if a vessel is likely to be subject __to___ war risk extended cover is obtainable.
2. The meaning __of___ term “average” ___in__ marine insurance seems slightly different __from___ its meaning __in___ other branches.
3. Every insurance contract must be made __between___ the person or person who have an “insurable interest” (insurance benefits) and the insurance company.
4. An “insurable interest” means that the person insured must not benefit __from___ any disaster, and the loss __of___ or damage _to____ insured property must cause inconvenience.
5. A trader cannot insure __against___ a risk which cannot be calculated, such as shoes which suddenly go __out of___ fashion and which no one wants to buy, and this is called an un-insurable risk.
6. We will take __out___ an all risks open policy __for___, say, fifty thousand pounds.
7. The policy will cover consignments _from____ our warehouse __to___ the port __of___ destination.
8. Cargo insurance protection is an aid __to___ commercial negotiation.
9. In some countries, the first step the insured party should take is to apply __for___ insurance _from____ a certain insurance company.
10. The applicant or the propose should fill __out___ the proposal form, which gives all the details __of__ ownership, value, length __for___ time insurance will be, risks and coverage, etc.

V . Fill in the blanks with suitable words from the text :
1. The function of marine insurance is to _cover____ the risk of damage, injury or other _losses____ caused by collision. Fire of similar “__perils___of the sea.”
2. The General Average concept means that it does not matter whose cargo is __jellioned___, because he will be fully recompensed out of the insurance contributions of all the other ___shippers__.
3. Insurance is financed by a relatively large number of people paying small amounts of money into a common fund, and if someone has a particular _misfortune____, such as a fire in their home, money is given to that person from the common __fund___ to make good the thing which have been lost.
4. _Regular____ shippers may __take___ out a floating policy which gives automatic cover for a _fixed____ maximum value of shipments, based on the previous year trade, provided each shipment is declared when made. < br /> 5. Please note that our insurance coverage is for 110% of the __invoice___ value, not for 140%. If you insist, then the __extra___ premium for the difference should be borne by you.
6. Open cover is an even more flexible type of __insurance___, limited to __twelve___ months, at agreed terms and __rates___.
7. WPA insures against the goods being damaged in __transit___, but not because the ship is in _danger____.
8 . The __term___ “all risks” is unfortunate in the sense that it does not provide _cover____ against all risks, as there are number o exceptions, but it is an improvement on the scope of cover available.
9. Once dangers occur, the party who suffers will _file___ a claim against the __insurance___ policy. This _party___ is called claimant.
10. Should any damage be incurred, the insured would within 60 days after the arrival of the consignment, file a __claim___, supported by __survey___ report, the insurance agent in his city and then to compensate him for the losses according the risks __covered___.

VIl . Choose the right word for each blank from the list given below the passage
INSURANCE DOCUMENTSThe marine insurance document may be __ either ___ a policy or a certificate issued _ under ____ a policy. An insurance policy contain all the terms and __ conditions ___ of the contract of goods is _ covered _ by a general policy in respect of a number of shipments then a certificate will be _ issued __ and contain a reference to the policy. The Uniform Customs and Practice prescribes that the type of document required must be described in the credit, and must be issued and / or signed by brokers are not acceptable under a _ documentary ____ credit unless specifically authorized in the _credit____.
A __marine___ insurance policy must specify the name of the insurers, the name of the person in whose___name the insurance is _effected____, the nature of the goods insured, and the period of insurance, Insurance documents must not be dated _later____ than the date of shipment and the details should _correspond____ with those on the ___bill__ of lading. It is usual practice in Britain to require that the goods _should__ be insured for 10 percent ___of__ the invoice____ value. Where a policy or certificate is called __for___ in a documentary credit it must be in the _same____ currency as the credit and endorsed in blank .
Correspond, conditions, effect, whose, should, for, either, bill, invoice, documentary, covered, marine, under, same, later, agent, credit, above, issued, insurance.
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