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Mr. Chen: According to our usual practice, we do business with our customer on CIF basis, Mr. Blake. Mr. Blake: That’s good. It will save us a lot of time because we don’t need to go to the insurance pany and face so many formalities. Mr. Chen: Oh, please be at ease. We will arrange insurance for you. Mr. Blake: Thank you, Mr. Chen, But I’d like to know how much the premium is. Mr. Chen: Well, it certainly depends on the types of risks to be covered. Mr. Blake: I see. Which pany do you usually insure with? Mr. Chen: We always insure our goods with the People’s Insurance Company of China. Mr. Blake: I heard that PICC has many agencies abroad. Mr. Chen: Quite right. The reason we choose PICC is, first, it is the biggest insurance pany in China, second, it offers very good services. Its agencies spread all over the world. If any damage occurs, you can file a claim with its local agent within 60 days after the arrival of the goods. ?back Dialogue Mr. Blake: That’s perfect. Well, for GPS, what risks do you usually cover? Mr. Chen: We usually arrange All Risks coverage for GPS. Mr. Blake: What is the usually insurance amount? Mr. Chen: 110% of the invoice value. But if you required a higher amount, say, the value plus 30% or more, you have to bear the additional premium. Mr. Blake: I see. Thank you for your inf