请教一下这个信用证条件怎么理解客人信用证是这样写的：INSURANCE COVERED BY APPLICANT.BEN

请教一下这个信用证条件怎么理解
客人信用证是这样写的：
INSURANCE COVERED BY APPLICANT.BENEFICAIRY MUST ADVISE TO THE L/C OPENING BANK THROUGH FAX,APPLICANT AND THE INSURANCE COMPANY.GIVING FULL DETAILS OF SHIPMENT AND PARTICULARS OF THE CONSIGNMENT AS THE ITS VALUE,QUANTITY SHIPPED,NAME OF THE CARRYING VESSEL/AIRLINE DATE OF SHIPMENT,L/C NUMBER,ETA-CHITTAGONG/DHAKA ETC WITHIN 7 WORKING DAYS FROM THE DATE OF SHIPMENT.COPY OF THIS ADVICE MUST ACCOMPANY THE ORIGINAL SHIPPING DOCUMENTS ALONGWITH COURIER RECEIPT EVIDENCING INFORMATION SENT TO THE APPLICANT AND THE INSURANCE COMPANY.
请帮我理解一下这个信用证条款,不好意思,