It is ___1____ to insure goods sold for export against the risks of the journey. In international trade, the transportation of goods from the seller to the buyer is generally over a long distance by air, by land or by sea and has to go through the ___2_____ of loading, unloading and storing. During this ___3____ it is quite possible that the goods will ___4___ various kinds of risks and sometimes suffer losses. In order to protect the goods against possible loss in case of such risks, the buyer or seller before the transportation of the goods usually ___5____ an insurance company for insurance covering the goods in transit. The premium charged for the ____6_____ is calculated _____7______ the risks involved. A policy which protects the holder against limited risks charges a low premium, and a policy which protects against a large number of risks charges a high premium. The ____8_____ is calculated as: cost of goods + amount of freight + ____9____ + a percentage of the total sum to represent a reasonable profit on sale of the goods. For CIF transactions, we usually ___10____ for 110% of the invoice value against risks, _____11______ 100% is for CIF invoice value and 10% is to cover a reasonable profit and some expenses. Sometimes, the buyer may request insurances to cover more than 110%. In such circumstances, the extra premium will be ______12_________.