The insured amount is calculated as the CIF price plus a certain percentage, usually ____, of reasonable profit on sale of the goods.
A. 10%
B. 20%
C. 30%
D. 40%
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An insurance policy is actually a contract, serving as evidence of the agreement between the insurer and the ________.
A.applicant
B.exporter
C.importer
D.insured
We shall be pleased if you will arrange to _________ the goods on our behalf for the invoice value plus 30%.
A .insure
B. assure
C. ensure
D. ship
Insurance is to be purchased by the buyer if a transaction is concluded on ________ basis.
A. CIF
B. FCA
C. DDP
D. CIP
Please match the following terms with their corresponding meanings.