•6• INSURANCE

As a practice, we cover All Risks for the insured goods only. Additional risks premium, if required, should be borne by buyer unless otherwise agreed.The insured Value is 110% of our full invoice value only. If the buyers require the Insured Value to be covered higher than this level,the extra premium should be borne by themselves,We can effect insurance for the buyers on FOB or CFR price terms with a premium rate of 0.5%, which should be remitted to our account before shipment.