If the CIF value in a international contract is USD 9 000 000, and there isn’t any special terms and conditions about insurance, then according to INCOTERMS 2000, the seller could insure the goods for ( ) .

The students in the class were _____four groups before they started the game.

AccordingtoINCOTERMS2000,underFOBcontract,thebuyerhasnoobligationtocontractforinsuranceandpaytheinsurancepremium.

We could manage to arrange the shipment in August, subject to your L/C _ us not later than July 15.

Under CFR contract, the goods are damaged during marine transport and the buyer suffers losses estimated at USD 1 000 due to natural calamity, USD 800 due to fortuitous accidents, and USD 2 000 due to extraneous risks.If the buyer has insured the goods for USD 1 000 000 against WPA before shiment, then the insurer should pay ( ) compensation to the buyer.