【translationSELLERshall,makeSELLERasbeneficiary;takeoutanAllRisksOceanTransportationInsuranceuptothedestinationportfortheDiesel/GasOilwithafirstclassinsurancecompany.Theamounttobeinsuredisonehundredandtenpercent(】
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SELLERshall,makeSELLERasbeneficiary;takeoutanAllRisksOceanTransportationInsuranceuptothedestinationportfortheDiesel/GasOilwithafirstclassinsurancecompany.Theamounttobeinsuredisonehundredandtenpercent(110%)ofCIFvalueofthedeliveredDiesel/GasOil.SELLERshallsubmittoBUYERtheoceantransportationinsurancepolicyasstipulatedinClauseofCONTRACT.Ifanyaccidentoccursafterdeliveryofeachshipmentattheportofloading,SELLERshallrenderassistancetoBUYERforthesettlement,andwhenrequestedbyBUYER,shallassistBUYERtolodgeclaimswiththeinsurancecompanythatissuedtheinsurancepolicyonbehalfofSELLERandtakecareofthecaseuntilsettlementwithoutchargingforhisassistance.BUYERshallbeentitledtoreceivethecompensationfromtheinsurancecompanyifthebuyerhadpaidthefullamountpershipmenttotheirbankearlier.