Dear Sirs,
In reply to your letter of 3rd November【inquiring】about the insurance on our CIF offer
for cosmetics【made】to you on 12rd Novermber,we wish to give you the
following information.
For transactions【concluded】on CIF basis,we usually【effect】insurance with the
People’s Insurance Company of China against All Risks,【as per】Ocean Marine
Carge Clause of the People’s Insurance Company of China,dated the 1st
January,1981.【Should】you require the insurance to be【covered】as per
Insutitute Cargo Clauses,we would be glad to【comply】.But if there is any difference in premium between the two it will be charged to your【account】.
We are also【in】a position to insure the shipment against any【additional】risks if you 【so】desire,and the extra premium is to be【borne】by you.In this case,we shall【send】you the premium receipt issued by the relative【underwriter】.
Usually,the amount insured is 110% of the total invoice【value】.However,if a higher
percentage is required,we may do【accordingly】but you have to bear the extra【premium】as
well.
We hope our above information will【provide】you with all that you wish to know and we now looking forward to【receiving】from you order.
Yours faithfully,
