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r WPA and War Risk according to the usual practice. Input 4. The insurance policy covers us against Breakage. 5. As the contract stipulates that insurance should cover 110% of the invoice value, if you desire to cover insurance for 130% instead, the extra premium should be for your account. Exercises thank you for your letter of March 25, requesting us to effect insurance on the captioned goods for your _____. A. cost B. amount C. account D. expense 2. We shall take ____ insurance at this under our Open Policy. A. in B. out C. on D. at 3. Please effect insurance ____ your side covering All Risks and War Risk? A. to B. for C. on D. with Exercises 4. I’d like to have the insurance ____ for 130% of the invoice value. A. cover B. covered C. covering D. to cover 5. PICC stands ____ the People’s Insurance Company of ____. A. for, Clause B. like, China C. by, Cargo D. for, China 6. Insurance is to be ____ by the buyer if a transaction is concluded on FOB or CFR basis. A. covered B. done C. made D. taken Exercises Dear Sirs, Your Order 5,000 pcs. Gunny Bags We have received your letter of January 1, asking us to insure the ___ goods for an amount of 30% above the invoice value. Although it is our usual practice to ____ out insurance for the invoice value plus 10%, we are prepared to ___ with your request for getting cover for 130% of the invoice value . But the extra ____ will be for your _____. Please take note of the above. Yours faithfully,