進(jìn)出口業(yè)務(wù)教程 課件 Chapter5 Invoice、Chapter6 Insurance Dcuments in Export

PracticalCourseforImport&ExportBusiness

InvoiceChapterFiveSection1.TheroleofcommercialinvoiceSection2.TypesofcommercialinvoiceCONTENTSSection4.

SamplesofcommercialinvoiceSection3.Thecontentsandmaking-outofacommercialinvoiceSection5.CommoncommercialinvoiceclausesinaletterofcreditSection6.ExercisesSection13.1IntroductiontoaL/CTheroleofcommercialinvoiceTheinvoiceisissuedbythesellertothebuyer.Itisthegeneraldescriptionofthegoodsdeliveredanditisalistofthepricesofthegoodsdispatched.Theimporterusesinvoicestocheckthegoodsandknowsthequality,specifications,andthevalueofthegoods.Itisthebasisoftheaccountkeepingforimportersandexporters.Intheabsenceofadraft,theexportermayreceivethepaymentbyusingtheinvoice.Invoiceisthebasicbasisofcustomsdeclarationandtaxpayment,anditisalsothebasisofothermanagement.Section

ONEItisimportanttonotethatinvoicesalsoservethefollowingpurposesbeforebeingusedasexchangeearningsreceipts,thatis,whenthegoodsareshipped,therearealsothefollowingroles:●Asthebasicdocumentamongtheinternationalbusinessdocuments,itisthebasisofpreparingotherdocumentssuchascustomsdeclaration,theorigincertificate,theinspectionreportform,andtheinsurancepolicy.●Aspartofcustomsdeclarationandinspectionreportingdocuments,intheshippingprocess,boththeinspectionreportformandcustomsdeclarationneedtoattachinvoicessothattheycanplaythecorrespondingroles.●Afterbeingusedasthereceivingforeignexchangedocument,theinvoicehasthefunctionofwritingoffforeignexchange.Afterreceivingtheforeignexchange,theexportershouldprovidetheinvoicewhenprocessingthewrite-off.Section

ONESection2TypesofcommercialinvoiceInadditiontocommercialinvoices,thereareothertypesofinvoices,suchascustomsinvoices,proformainvoices,etc.5.2.1CustomsinvoiceCustomsinvoiceisadocumentissuedbytheexporterattherequestofthecustomsoftheimportingcountry,thebasiccontentofwhichissimilartothatofordinarycommercialinvoices,andtheformatofwhichisgenerallyformulatedandprovidedbythecustomsoftheimportingcountryinauniformmanner.Itismainlyusedforthecustomsstatistics,theverificationoftheplaceoforigin,andthecheckingofthecompositionofthepriceoftheimportedgoodsoftheimportingcountry.Themainfunctionsofthecustomsinvoiceareasfollows:itisusedbythecustomsoftheimportingcountrytocheckandratifytheplaceoforiginofthegoodsinordertoadoptdifferentnationalpolicies;itisusedbytheimportertocarryouttheformalitiesofcustomsdeclarationandtaxpaymenttothecustoms;itisusedbythecustomsoftheimportingcountrytogettheinformationaboutthepricesofimportedgoodsinthemarketofexportingcountriestodeterminewhethertheyaredumpedatlowpricesinordertolevyanti-dumpingduties;itisusedbytheimportcustomsasthebasisforstatistics.5.2.2ProformainvoiceTheabbreviatedformofproformainvoiceis(PI).Exporterssometimesissue,attherequestoftheimporter,aninformalreferenceinvoicecontainingthename,specifications,theunitprice,etc.ofthegoodsforsale.Thisinvoiceiscalledaproformainvoiceforimporterstoapplyforimportlicensesortheapprovalofbeinggivenforeignexchangefromtradeorforeignexchangeauthoritiesoftheirowncountries.Itsfunctionsare:asaquantitativequotation;astheconfirmationofthesales;lettingthebuyerusethisinvoicetoapplyfortheimportlicense,theforeignexchangelicense,andtheopeningofaletterofcredit.Theproformainvoiceisnotanofficialinvoiceandcannotbeusedforcollectionornegotiation.Theunitpricelistedinitisalsoanestimatepricemadebytheimporteronthebasisofthecircumstancesatthetime,andthereisnofinalbindingforceonbothparties.Therefore,theproformainvoiceisonlyakindofpricevaluationlist.Itisnecessarytomakeanothercommercialinvoiceifthereisaformaltransaction.However,theproformainvoiceiscloselyrelatedtothecommercialinvoice.Afterthedescriptionofthegoodsclause,theletterofcreditusuallyhastheclauses“accordingtotheproformainvoiceofacertainmonthandacertaindate”or“thegoodslistedareinaccordancewiththeproformainvoiceNo.XX”andsoon,andrequiresthatitbeinvoked.Whenmakingcommercialinvoices,thewords“asperproformainvoice...dated...”shouldbetyped.Inordertodistinguishfromtheformalinvoice,theproformainvoicemustbeclearlymarkedwiththewords“proformainvoice”.Thecontentoftheproformainvoiceisgenerallythesameasthatoftheformalinvoice,indicatingthetermsoftrade,thetradename,thequantity,theunitprice,thetotalvalue,thedateofdeliveryandthevalidityperiodofthegoodsandthewords“forthemerchanttoapplyforapermit”or“thistransactionisvalidwiththeseller’sfinalconfirmation”shouldbemarked.5.2.3ConsularinvoiceConsularinvoiceisalsoknownasvisainvoice.Consularinvoiceisoneoftheprerequisitesfortheimportdeclarationofgoods,whichisfilledoutbytheexportingpartyinaccordancewiththefixedformstipulatedbytheconsulateoftheimportingcountryintheexportingcountryortheconsulateintheadjacentregion,anditissubjecttoaconsularvisa.5.2.4ManufacturerinvoiceManufacturerinvoiceisaninvoiceissuedbythemanufacturerofexportgoodsindomesticcurrencytoprovethefactorypriceinthedomesticmarketoftheexportingcountry.Itisusedforcustomsvaluation,checkingdutiesandlevyinganti-dumpingdutiesinimportingcountries.Section3Thecontentsandmaking-outofacommercialinvoice5.3.1GeneralcontentsofacommercialinvoiceCommercialinvoicesaredrawnupbytheexportingenterprisesthemselveswithoutauniformformat,butthebasiccolumnsareroughlythesame.Itisdividedintothreeparts:thefirstpart,thebodypartandtheconcludingpart.Thefirstpartincludestheinvoicename,thenumber,thedate,theplace,thepayer,thecontractnumber,thetransportationroute,etc.Thebodypartincludesthedescriptionofthegoods,theunitprice,thetotalamount,thetransportsign,etc.Theconcludingpartincludestheoriginofthegoods,thetypeofpackaging,allkindsofclausesforproof,theinvoicemaker’ssignatureandsoon.Inessence,aninvoiceistheoriginalaccountingvoucherofimportersandexportersininternationaltradeandeconomicbusiness,sothespecificcontentofinvoiceisbasedonthebasiccontentoftheoriginalaccountingvoucher.Itincludesthefollowingspecificelements:1.Thenameofthedrawer,thatis,thenameofthepersonissuingtheinvoice.Itincludestheexporter’snameanddetailedaddress,telephone,fax,etc.Generally,exportenterpriseswhenprintingblankinvoices,willputthecompany’sname,address,telephone,faxdirectlyontheinvoice(asaletterhead).WhenusingtheL/C,UCP600stipulatesthattheinvoicemustbeissuedbythebeneficiary.2.Thenameofthedocument,i.e.,“commercialinvoice”or“invoice”shallbeconsistentwiththeletterofcredit.Iftheletterofcreditdoesnotspecifythenameoftheinvoice(only“invoice”),thenanyformofinvoice,commercialinvoice,customsinvoice,consularinvoice,etc.maybesubmitted.However,thenameoftheinvoicemustnothavethewords“provisionalinvoice”or“proformainvoice”.Iftheletterofcreditrequiresa“certifiedinvoice”ora“detailedinvoice”,thentheinvoicenameshouldalsobethusdisplayed.3.Thedateofthedocumentsmakingisthebasicinformationofthedocumentsmaking,includingthemakingdateoftheinvoice,theinvoicenumber,thecontractnumber,etc.4.Thenameoftherecipientoftheinvoiceistheaddresseeoftheinvoice.5.Asummaryofthisbusinessactivityincludes:1)Descriptionsofthegoods,indicatingthename,thespecification,thequantity,thepackingtypeandthenumberofpiecesofthegoods.Whentheletterofcreditisused,thedescriptionofthegoodsintheinvoicemustbeconsistentwiththedescriptionintheletterofcredit.2)Transportinformation,includingtheplaceofembarkation,thedestination,thetransportmark(theidentificationmarkofthegoods),etc.Iftransshipmentisallowed,theplaceoftransshipmentmaybeindicated.6.Quantityandamount.Exportinvoicesmustclearlyindicatethequantity,theunitprice,thegrossvalueandtradeterms(priceterms),includingthequantityandtheunitofquantity,thedenominationcurrencyname,andthespecificprice.Sometimescommissions,discounts,freightandpremiumsaretobelisted.7.Thenameofthedrawer’senterpriseandthesigner’ssealorsignature.Thesearegenerallytypedatthebottomrightoftheinvoice.8.Othercontents,includingthebusiness-relatedspecificnumber,proof,andsoon.Forexample,thebuyer’sreferencenumber,theimportlicensenumber,theletterofcreditnumberandtheoriginofthegoodsandtheexporter’sproofofthemanufacturing,packing,transportationofthegoods,etc.shouldbeindicatedintheblankspacebelowtheinvoicecommoditydescription.5.3.2Keypointsofthemaking-outofacommercialinvoiceThecommercialinvoiceismadebytheexportenterpriseitself,andthereisnouniformformat,butthebasiccontentandthemakingmethodarethesame.Themainpointsofmakingareasfollows:5.3.2.1NameandaddressofthedrawerThenameandaddressofthedrawershallbethesameasthenameandaddressofthesellerofthecontractorthebeneficiaryoftheletterofcredit.Inthemakingoftheinvoice,thenameandaddressofthedrawershallbemarkedprominentlyinbothEnglishandChinese.Generally,whentheblankinvoicesareprintedbythecommonexportenterprises,thename,address,telephoneandfaxofthecompanyareprintedinadvancedirectlyintheinvoices.5.3.2Keypointsofthemaking-outofacommercialinvoice5.3.2.2InvoicenameTheinvoicenameshallbemarked“CommercialInvoice”or“Invoice”inbold.Thenameoftheinvoiceshallbeinaccordancewiththeletterofcredit.Iftheletterofcreditrequires“CertifiedInvoice”or“DetailedInvoice”,theinvoicenameshouldalsothusbedisplayed.5.3.2.3InvoicenumberTheinvoicenumberiscompiledbytheexportingcompanyaccordingtotheactualsituationofthecompany.Itisthecentralnumberofthefullsetsofforeignexchangesettlementdocuments.5.3.2Keypointsofthemaking-outofacommercialinvoice5.3.2.4InvoicedateTheinvoicedateshallgenerallybelaterthanthedateofthesigningandissuanceofthecontractandtheletterofcredit(UCP600stipulatesthatthebankmayacceptinvoicesdatedearlierthanthedateoftheissuanceofL/C),butgenerallynotlaterthanthedateofthebilloflading,thedateofthebillofexchange,thedateofpresentationandthevalidityoftheletterofcreditasstipulatedintheletterofcredit.Amongthesettlementdocuments,itistheearliestissueddocument.5.3.2.5LetterofcreditnumberInvoicesundertheletterofcreditmustbefilledinthenumberoftheletterofcreditandfortheothermeansofpayment,thisnumbermaynotbefilledin.5.3.2Keypointsofthemaking-outofacommercialinvoice5.3.2.6ContractnumberThecontractnumbershallbeconsistentwiththatspecifiedintheletterofcredit.Iftheletterofcreditdoesnotspecifythecontractnumber,itmaynotbefilledin.Forotherformsofpayment,thisnumbermustbefilledin.5.3.2.7ConsigneeUnderthepaymentoftheletterofcredit,itshouldbecompletedinaccordancewiththestipulationsoftheletterofcredit.Generally,itistheapplicantoftheL/C.Underthepaymentmodeofcollection,itisusuallythebuyer.Whenbotharefilledin,thenameandaddressshouldnotbeplacedinthesamerow,butshouldbeindicatedindifferentrows.5.3.2Keypointsofthemaking-outofacommercialinvoice5.3.2.8RouteFillintheactualport(place)ofdepartureofthegoodsandtheport(place)ofdestination.Ifthegoodsneedtobetransshipped,thenameoftheport(place)oftransfershouldbeindicated.Forinstance:FromShanghaitoLondonW/TRotterdam.5.3.2.9ShippingmarkandpiecenumberInvoicemarksshallbefilledininaccordancewiththeletterofcreditorthecontract,usuallyincludingtheconsignee’sabbreviations,referencenumbers,destinationsandthetotalnumberofgoods.Ifnospecificprovisionismade,fillinN/M.5.3.2.10AdescriptionofgoodsAdescriptionofgoodsgenerallyincludestheproductname,thequality,thequantity,thepackaging,etc.Iftheletterofcredithasbeenused,thenthedescriptionofthegoodsintheinvoicemustbeconsistentwiththatintheletterofcredit.5.3.2Keypointsofthemaking-outofacommercialinvoice5.3.2.11UnitpriceandpriceterminologyThecompleteunitpriceshallconsistoffourparts:thecurrency,theunitprice,theunitofmeasureandthetradeterm.Example:USD100PerDOZCIFLondon(INCOTERMS2010).Atradetermisrelatedtothedivisionofrisksandexpensesbetweenbuyersandsellers,andisalsothebasisofcustomstaxation,whichmustbecorrectlystated.5.3.2.12TotalvalueThetotalinvoicevalueshallnotexceedtheamountoftheL/CandthecommissionanddiscountshallbedealtwithinaccordancewiththeL/C.IftheL/Crequirestolistfreight,insuranceandFOBpriceseparately,youmustfollowsuit;iftheL/Crequeststolistthenetpriceafterseparatelydeductingthecommissionanddiscount,youmustdoso.5.3.2Keypointsofthemaking-outofacommercialinvoice5.3.2.13StatementsandothercontentsTheyshouldbewritteninaccordancewiththeprovisionsoftheL/Corinaccordancewithwhatparticularlyneedstobenotedintheinvoice.Forexample:somereferencenumbers,ImportLicenseNo.,etc.Proofsentences:Weherebydeclarethatthegoodsareofpurenationaloriginoftheexportingcountry;Weherebycertifythatthecontentsofinvoicehereinaretrueandcorrect.5.3.2.14Drawer’ssignatureUsuallythedrawersignsthenameoftheexportcompanyinthelower-rightcorneroftheinvoiceandissignedorstampedbytheagent.IftheL/Crequiresthattheinvoicebesignedbyhand,theletterofcreditmustbefollowed.InvoicesinexportstoMexicoandArgentinamustbesignedbyhandwhetherornotithasbeenstipulatedintheletterofcredit.Section45.4SamplesofcommercialinvoiceP88-89Section55.5CommoncommercialinvoiceclausesinaletterofcreditP89--91Section65.6ExercisesP9171%71%71%71%71%71%Thankyou!PracticalCourseforImport&ExportBusiness

InsuranceDocumentsinExportBusinessChapterSixSection1.AgeneralknowledgeofthemarinecargoinsuranceSection2.DocumentationoftheinsuranceapplicationformCONTENTSSection4.CalculationoftheinsuredamountandtheinsurancepremiumSection3.ContentsanddocumentationofaninsurancepolicySection5.ExercisesSection16.1AgeneralknowledgeofthemarinecargoinsuranceToadapttothedevelopmentoftheinternationalmarinecargoinsurance,thePeople’sInsuranceCompanyofChina(PICC)hasmanipulatedChinaInsuranceClauses(CIC)onthebasisofinternationalpracticesandtheactualconditionsofChina.CICcontainsTheOceanMarineCargoClauses,TheOceanMarineCargoWarRiskClausesandotherspecialclauses.TheOceanMarineCargoClausesarethemostwidelyadoptedmarinecargoinsuranceclausesbyChinesetradingcompaniesandthemostrecentrevisionoftheclausesisthe2009version.Section

ONE6.1.1CoverageofthemarinecargoinsuranceunderCICMarinecargoinsuranceunderCICfallsintotwogeneralcategories:basiccoverageandadditionalcoverage.6.1.1.1BasicCoverageUnderCIC,thebasiccoverageofoceantransportationrisksconsistsofthreekinds:FreefromParticularAverage(FPA),WithParticularAverage(WPA),andAllRisks.(1)FreefromParticularAverage(FPA)FPAisthemostlimitedformofcargoinsurancecoveragecoveringthefollowinglosses:1)Theactualtotallossortheconstructivetotallossoftheconsignmentcausedbynaturalcalamitiessuchasheavyweather,tsunami,earthquake,flood,etc.2)Thetotallossorthepartiallosscausedbyfortuitousaccidentssuchasstranding,strikingSection

ONEupontherocks,icebergsorothers,collision,fireandexplosion.3)Thepartiallossattributabletoheavyweather,lightningand/ortsunami,wheretheshiphasbeenstranded,sunk,orburned,irrespectiveofwhethertheeventtookplaceafterorbeforesuchaccidents.4)Thepartialortotallossconsequentonthefallingofanentirepackageorpackagesintotheseaduringloading,unloading,andtransshipment.5)Reasonableexpensestheinsuredmakesforsalvageofthegoodsinsured,andforavertingorminimizingthelosses,providedtheexpensesdonotexceedtheinsuredamount.6)Expensesincurredbythedischargeoftheinsuredcargoesataportofdistressfollowingaseaperilaswellasspecialchargesarisingfromloading,warehousingatanintermediateportofcallorrefuge.7)Sacrificesinandcontributionstogeneralaverageandsalvagecharges.8)Lossesreimbursedbytheinsuredtotheship-ownersasisundertheContractofAffreightment“BothtoBlameCollision”clause.(2)WithParticularAverage(WPA)AsidefromtheriskscoveredunderFPAconditionsasabove,WPAalsocoverspartiallossesoftheinsuredgoodsdirectlycausedbynaturalcalamitiessuchasheavyweather,lightning,Tsunami,earthquakeorflood.WPAprovidesamoreextensivecoverageagainstalllossesorDamagesduetomarineperilsthroughoutthedurationofthepolicy.(3)AllRisksAsidefromtheriskscoveredunderFPAandWPAconditionsasabove,thecoverageofAllRisksmeansthattheinsurershallundertaketheliabilitiestoindemnifytheinsuredthetotalorpartiallossonthecargoinsuredeitherarisingfromperilsoftheseaorgeneralextraneousrisksduringthecourseoftransit.AllRisksisthemostcomprehensivecoverageamongthethree.However,thiscoverageshallnotcoverallrisksoflossordamage.6.1.1.2AdditionalcoverageWhilethebasicinsurancecoveragecanbetakenoutindependently,theadditionalcoverageshallbemadecomplementarilywiththeinsurancecompanyaccordingtotheactualsituation.Theadditionalinsurancecoverageincludesgeneraladditionalrisksandspecialadditionalrisks.(1)GeneraladditionalrisksGeneraladditionalriskscoverthelossescausedbygeneralextraneousriskswhicharecoveredbyAllRisksinthebasicinsurancecoverage.Thereare11typesofgeneraladditionalrisks:(1)Theft,Pilferage,andNon-delivery(TPND);(2)FreshWaterRainDamage;(3)RiskofShortage;(4)RiskofIntermixtureandContamination;(5)RiskofLeakage;(6)RiskofClash;(7)RiskofOdor;(8)HeatingandSweatingRisk;(9)HookDamage;(10)RiskofRust;(11)BreakageofPackingDamage.(2)SpecialadditionalrisksSpecialadditionalriskscoverlossescausedbyspecialextraneousrisks.Thereareeighttypesofspecialadditionalcoverage:(1)WarRisks;(2)Strike,RiotsandCommotions(SRCC);(3)FailuretoDeliveryRisk;(4)ImportDutyRisk;(5)OnDeckRisk;(6)RejectionRisk;(7)AflatoxinRisk;(8)FireRiskExtensionClause(forStorageofCargoatDestinationHongKong,includingKowloon,orMacao).(3)SpecialrisksAccordingtothefeaturesofcertaininsuredgoodsinoceantransportation,C.I.ChasdevelopedspecificallyFrozenProductsRisksandBulkWood-oilRisks.Inordertopromoteforeigntrade,C.I.ChasalsoestablishedSeller’sContingentInterestRisks.Thesespecialriskscanbeeffectedindependentlybytheinsuredaccordingtotheactualdemand.6.1.2DurationofthemarinecargoinsuranceThedurationofinsuranceistheperiodthroughoutwhichtheinsurancecompanyundertakesaninsuranceliability.Inmarinecargoinsurance,thedurationofthebasiccoverageisgenerallydefinedbyWarehousetoWarehouseClause,whichmeansthattheinsurancetakeseffectfromthetimethegoodsleavethewarehouseortheplaceofstorageattheplacenamedintheinsurancepolicyforthecommencementofthetransit,continuesduringtheordinarycourseoftransit,andterminateswhenthegoodsarriveattheconsignee’sfinalwarehouseortheplaceofstorageatthedestinationintheinsurancepolicy.Ifthegoodsfailtoreachthefinalwarehouseforwhateverreason,theinsuranceterminates60daysafterthegoodsaredischargedfromtheship.TheWarehouse-to-WarehouseClauseisnotsuitableforWarRisks.6.1.3ExclusionsofthemarinecargoinsuranceInthemarinecargoinsurance,thefollowinglossesanddamagesarenotcoveredbytheOceanMarineCargoClauses:Lossesordamagescausedbythedeliberateactorfaultoftheinsured.Lossesordamagesfallingundertheliabilityoftheconsignor.2.Lossesordamagesarisingfromtheinferiorqualityortheshortageinquantityoftheconsignmentbeforetheinsurancetakeseffect.3.Lossesordamagesarisingfromnormallosses,theinherentviceornatureoftheinsuredgoods,thelossofmarketand/ordelayintransitandanyexpensesarisingtherefrom.4.Risksandliabilitiescoveredandexcludedbythewarrisksclausesandstrike,riot,andcivilcommotionclausesunderC.I.C.6.1.4MajortypesofinsurancedocumentInsurancedocumentsareofmanykinds.Thecommonlyusedinsurancedocumentsare:insurancepolicy,insurancecertificate,openpolicyandendorsement.6.1.4.1InsurancepolicyTheinsurancepolicyisadocumentissuedbyaninsurancecompanytotheinsureddetailingthenameoftheinsured,detailsofgoods,thetypeandamountoftheinsurancecoverageofaninsurancecontract.Itisthemostoftenusedinsurancedocumentbindingupontheinsurerandtheinsured.Onthebackoftheinsurancepolicyarethesetclausesabouttheobligationsandrightsoftheinsurerandtheinsuredwhileonthefrontarethemaincontents.Generally,aninsurancepolicyhasalotofstandardclauses.6.1.4.2InsurancecertificateTheinsurancecertificateisthesimplifiedversionoftheinsurancepolicyissuedbyaninsurancecompany.Ithasthesamelegaleffectastheinsurancepolicy.Itdoesn’thavetheclausesontheback,whileonthefrontithasthesameclausesaslistedontheinsurancepolicy.Theinsurancecertificateisrarelyusedinpractice.6.1.4.3OpenpolicyOpenpolicyisalsocalledopencover.Itisapre-contractconcludedbetweentheinsurerandtheinsuredbywhichtheinsureroffersinsurancetotheinsuredfortheconsignmentshedispatcheswithinacertainperiodoftime.6.1.4.4EndorsementEndorsementisadocumentissuedbytheinsurertoaddorchangeoreveneliminatesomeitemsoftheinsurancepolicyupontherequestoftheinsured.Itisanintegratedpartoftheinsurancepolicy.InsurancedocumentsshallbepresentedinaccordancewiththetermsoftheL/C.IftheL/Crequiresthepresentationofaninsurancepolicy,onlyaninsurancepolicycanbeaccepted;ifaproofofinsuranceundertheopenpolicyisrequired,aninsurancepolicymaybesubstituted.Section26.2DocumentationoftheinsuranceapplicationformAfterselectinganinsurancecompanyanddecidingontheinsurancecoverage,theinsuredshouldfilloutanapplicationformandpresentittotheinsurancecompany.Theinsurancecompanywillproduceaninsurancepolicyinaccordancewiththeapplicationform.Everyinsurancecompanyhasitsownapplicationform,butthecontentsaremostlysimilar.Aninsuranceapplicationformincludesthefollowingitems.6.2.1InsurerItistobefilledinwiththenameoftheinsurancecompany.6.2.2InsuredItisgenerallyfilledinwiththebeneficiaryoftheL/C(thenameoftheexportcompany).IftheL/Crequiresotherwise,itistobefilledaspertheL/Cstipulations:a.IftheL/Cspecifies××companyastheinsured,itshouldbefilledinwith“××CO.,Ltd”.b.IftheL/Crequiresittobetransferredtotheissuingbankorathirdparty,thenameofthebeneficiaryshouldbewritteninthiscolumnfollowedby“heldtotheorderof×××bank/×××”.6.2.3PolicyNo.Itisusuallyfilledinbytheinsurancecompany.6.2.4PolicyDateItistobefilledinwiththeactualdate.6.2.5ShippingMarksTheshippingmarksshouldbefilledinasthesameasthoseintheB/L,especiallyinstrictconformitywiththeactualmarksprintedontheouterpackingofthegoods,soastoavoidthefutureconfusioncausedbytheinspection,verificationandcompensationandthedeterminationofliability.6.2.6Packing&QuantityThemodesofpackingandquantityshouldbefilledinclearly.6.2.7DescriptionsofgoodsDescriptionsofgoodsshouldbefilledinwiththespecificnameofthecargoratherthanthegeneralwordssuchastextiles,groceriesorgeneralmerchandise.6.2.8InsuredAmountGenerally,theinsuredamountis110%ofCIFvalueoftheinsuredcargo.Ifotherpercentageisdesired,thereshouldbeanagreementbetweenthetradingpartiesandtheconsentoftheinsurancecompany.Fractionalamountshouldberoundedup.Forexample,USD134.01shouldbefilledinwithUSD135.6.2.9ConveyanceItshouldbestatedclearlywiththenameoftheship,thetransshipmentandthemodesofcombinedtransport.6.2.10PortofLoading&PortofDischargingItshouldbefilledinwiththeactualnameoftheport.6.2.11SailingDateItshouldbefilledinwiththeactualdateofshipmentaccordingtothedateofshipmentontheshippingcompany’scargoallocationdata.6.2.12ConditionsTheconditionsaretobefilledinwiththenameoftheinsurancecoverageagreedbythetradingparties.6.2.13ClaimsPayableatTheclaimspayableplaceisgenerallytobefilledinwiththeplaceofdestination.6.2.14PremiumThepremiumisgenerallyfilledinwith“asarranged”.6.2.15IssuingDateTheissuingdateshouldnotbelaterthanthedateofsailing.Section36.3DocumentationofaninsurancepolicyAninsurancepolicyisalegalevidenceoftheinsurancecontractconcludedbetweentheinsurerandtheinsured,servingasthebasisoflodgingandsettlinginsuranceclaims.ForaCIF/CIPcontract,theexporterisobligedtoinsurethegoodsandsubmittheinsurancedocumentstotheimporter.Theexportermu