综合险3.0版(英文)保单

CHINA EXPORT & CREDIT INSURANCE CORPORATION 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 enterprises 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 clauses, 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 case 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 sales contract or, as a beneficiary, presents documents according to the terms of an L/C, the Insurer shall assume the liability for the Insured’s direct losses resulting from the following risks in accordance with the terms and conditions of the Policy: (i) Commercial risks In case 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 case of payment by L/C, including the following circumstances: 1. Issuing Bank’s Bankruptcy, winding-up or a receiver is appointed for it or; THIS ENGLISH VERSION IS FOR REFERENCE ONLY AND THE CHINESE WORDING IS LEGALLY BINDING. 1