B. Find in the text word combination with these terms and translate them into Ukrainian.

Find in the text synonyms to the following words and word combinations.

insurance contract, insurer, take out an insurance, current value, insured party, notification of loss

Fill in the gaps with the right proposition using the vocabulary introduced in the text. Translate the word combinations into Ukrainian.

1. send goods … sea;

2. take … an insurance;

3. take out an insurance … any risk;

4. get … touch;

5. agreed …;

 6. ask a company … for an addendum … the contract;

7. claim … damages;

8. … order to;

9. a case … litigation;

10. to bring an action … the party … fault

Fill in the gaps with the right expression using the vocabulary introduced in the text.

1. When you … the …, you are in fact extending the period of validity of your contract.

2. An alteration to an existing contract is called an … to the …

3. In case of accident, the insured party should send the company a … to state the facts.

4. The company will then delegate a … who will study the case and …

5. He will write a … to the company who will then be able to …

6. When a wreck cannot be repaired it is then considered a …

7. If the notification of loss turns out to be untrue, the insurance company may … against the insured party for making an …

8. When the two parties do not agree on the responsibilities for an average, it is a case of …

9. One of the main dangers for a vessel sailing in bad weather not far from the land is to …

10. In case of serious danger, the captain may decide to … the cargo to avoid severe damage to the ship and crew.

11. In Marine Law, a loss incurred by damage to a ship at sea or its cargo is called an …

12. When one of the parties … the contract, a letter of … is sent to the other party concerned.

Match the term with its definition.

the terms of the policy; the premium; the current value; the date of expiry; broker; to cancel a policy; policy holder; a marine insurance; to disclaim any liability; the compensation; take out an insurance

1. An insurance especially related to the shipping business.

2. The man who acts as middleman between the client and the insurance company.

3. The estimated value of insured goods.

4. The action of insuring goods from the company.

5. The person or firm who signs an insurance contract.

6. The conditions of the contract.

7. The date when the insurance contract comes to an end.

8. To interrupt the insurance contract.

9. The sum paid by the insured party to the company.

10. The sum paid by the company to the insured party after an accident.

11. The act of not feeling responsible for an accident.

Answer the questions to the text.

1. What is necessary while sending goods by sea, air, road or rail?

2. What do the terms of the policy cover?

3. What influences the sum of compensation?

4. What defines the insurance policy?

5. How often is it necessary to renew a policy?

6. What is needed to renew a policy?

7. What is needed when one of the parties doesn’t want to renew a policy?

8. What happens when an average takes place?

9. Who assess the damage when an average takes place?

10. What is the result of the surveyor’s work?

11. What are the duties of surveyor?

12. What belongs to the duties of ship’s captain?

13. Can the insured party abandon the goods to the company?

14. What can sometimes the insured party make to receive larger compensation?

15. Can the erroneous statement be a case for litigation?

16. What party will suffer more in a case for litigation because of erroneous statement: policy holder or the insurer?

Role-play.

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