Calculate insurance premium 计算保险费 Suppose we ...

Calculate insurance premium 计算保险费 Suppose we have the following insurance clauses specified in a sales contract. “Insurance to be effected by the Seller for 110% of invoice value against All Risks and War Risks and Strike Risks, as per Ocean Marine Cargo Clauses of PICC, dated 1/1/1981.” The premium rate of All Risks is calculated at 0.3% and the premium rate of War Risks and Strike Risks are calculated at 0.15% and 0.1%. The sales contract is on CIF basis and the invoice value is US$20,000. Please calculate the insured amount and the insurance premium for the cargo.