Japanese translation insurance shall be insured by the buyer.

1 mode of payment: the buyer will open an irrevocable letter of credit allowing partial shipment and a transferable letter of credit allowing partial shipment and transshipment through a bank acceptable to both parties. The letter of credit must reach the seller 30 days before shipment.

Insurance: The buyer or seller shall cover all risks and war risks for the invoice value plus 10%. If the buyer requests to purchase the above insurance or the insurance amount exceeds the above amount, he must obtain the consent of the seller in advance, and the excess insurance premium shall be borne by the buyer.

The above terms of the business English transaction contract were carefully translated by myself, and I hope they can be adopted. Thank you ~ ~ ~ ~

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.