May I ask you a few questions about insurance?
Yes.
Now we've given a CIF Shanghai price for some steel plates. What insurance rate do you suggest we should get?
Well. Obviously, you won't want All Risks cover.
Why not?
Because they aren't delicate goods and won't likely be damaged on the voyage. FPA will be good enough.
Then am I right in understanding that FPA doesn't cover partial loss for the nature of particular average.
That's right. On the other hand, a WA policy covers you against partial loss in all cases.
Are there any other clauses in marine policies?
Oh, lots of them. For instance, War Risks, TEND and SICC.
Well, thank you very much for all that information. Could you give me a quotation for my consignment now?
Are you going to make an offer today?
Yes. My customer is in urgent need of the steel plates.
Ok, I'll get this rate right away.