【正确答案】Dear Sirs,
Insurance
   We thank you for your letter of May 10, quoting us 100 metric tons of Wool on CIF terms． We regret, however, that we prefer to have your quotations and/or offers on CFR terms．
   For your information, we have taken out an open policy with the Lloyd Insurance Company, London． All we have to do when a shipment is made is to advise them of the particulars． Furthermore, we are on very good terms with them． We usually receive from our underwriters quite a handsome premium rebate at regular intervals．
   In the meantime, we should be obliged if you could supply us with full details regarding the scope of cover handled by the People's Insurance Company of China for our reference．
   We look forward to hearing from you at an early date．
   Yours faithfully,