Enquiring about Insurance
Gentlemen:
Insurance on 400 Bales of Cotton
We have received with thanks your quotation for 400 bales of cotton on CIF terms As our usual practice we prefer to receive quotations and/or offers on CFR terms.
You see,we have taken out an open policy with the Lloyd Insurance Company, London.All we have to do when a shipment is sent is to advise them of the particulars. Furthermore,we are on very good terms with them. We usually receive from our underwriters quite a handsome premium rebate at regular intervals.
In the meantime, we should be obliged if you could supply us with full details regarding the scope of cover handled by the People’s Insurance Company of China for out reference.
We await with interest your early reply.
Cordially yours,
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