If this Contract is made on the basis of CIF or CIP, the Seller shall effect insurance covering ALL RISK, WAR RISK, and SR&CC CLAUSE from the Seller’s warehouse to the final destination of the Buyer’s appointed warehouse, and the insured value shall not be less than the total invoice value plus ten percent (10%). The Insurance policy or certificate shall be endorsed to the order of the Buyer and shall be claimable in Taiwan, R.O.C. by the Buyer upon presentation of the relevant documentation to the bank.