Unless otherwise stipulated in the Credit，the minimum amount for which the insurance document must indicate the insurance cover to have been effected is the CIF[cost，insurance and freight(．．．“named port of destination”)]or CIP[carriage and insurance paid to(．．．“name place of destination”)]value of the goods，as the case may be，plus 10％，but only when the CIF or CIP value can be determined from the documents on their face．Otherwise．banks will accept as such minimum amount 110％of the amount for which payment，acceptance or negotiation is requested under the Credit，or 110％of the gross amount of the invoice，whichever is the greater．