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Lesson One 1

Text:Kinds of Insurance Documents 1

Grammar:Position of Modifier Ⅰ-Position of Attribute 5

Reading Material:“Average”in Marine Insurance 11

Illustrations:(Ⅰ)Insurance policy (Ⅱ)Bro-ker's Cover Note 14

Lesson Two 16

Text:Combined Transport Documents(CTD) 16

Grammar:Position of Modifier Ⅱ-Position of Adverbial Modifier 21

Reading Material:Air Waybills 30

Lesson Three 33

Text:Methods of Payment and Financing in Ex-port 33

Grammar:Ellipsis Ⅰ 37

Reading Material:Invitation to Bid 45

Lesson Four 49

Text:Processing and Assembling of Incoming Materials and Parts 49

Grammar:Ellipsis Ⅱ 53

Reading Material:Five Ways of Utilizing Foreign Funds 59

Illustration:How Processing of Incoming Materials or Assembling of Incoming Parts Works 63

Lesson Five 64

Text:Compensation Trade of China 64

Grammar:Prepositions 69

Reading Materials: 76

(Ⅰ)China to Expand Com-pensation Trade and Business of Processing and Assembling 76

(Ⅱ)Processing and Assembling Deals and Compensation Trade in Beijing 78

Illustration:How Full Compensation Trade Works 80

Lesson Six 81

Text:Foreign Currency Loans in China 81

Grammar:Prepositions,Adverbs and Phrasal Verbs 86

Reading Material:Euro-currency Market in London 94

Lesson Seven 98

Text:Government Supported Export Credits(Ⅰ) 98

Grammar:Conjunctions 105

Reading Material:Organizations in Western Coun-tries Providing Export Credit Insurance 114

Illustration:Supplier's Credit 118

Lesson Eight 119

Text:Government Supported Export Credits(Ⅱ) 119

Grammar:Interjections and Exclamatory Sentences 127

Reading Material:Explanation on Euro-currency Market Terminology Illustration:Buyer's Credit 133

Lesson Nine 137

Text:Provisional Regulations for Exchange Con-trol of China 137

Grammar:Independent Elements 143

Reading Material:Further Explanation on the Provisional Regulations for Ex-change Control of China 152

Lesson Ten 156

Text:International Leasing 156

Grammar:Punctuation Marks 162

Reading Material:Lease Agreement 174

Illustrations: 179

(Ⅰ)Financial Lease Structure 179

(Ⅱ)Leveraged Tax Lease Structure 180