Insert XML into sql 2008

Hi i have an dynamic XML string that i want to insert into my ABC table in my database.
I need to loop through my XML string and find <ABC> and send Number, Status and Quantity into the ABC table one by one and each will also have the ID from <ID>

The string can look like this:
<PARENT>
 <ID>1A</ID>
 <RL>ABC123</RL>
 <Name>
  <FirstName>John MR</FirstName>
  <LastName>Smith</LastName>
 </Name>
 <ContactDetails>
  <Email></Email>
  <MobilePhone></MobilePhone>
  <BusinessPhone></BusinessPhone>
  <HomePhone></HomePhone>
 </ContactDetails>
 <Segments>
  <ABC>
   <Number>1</Number>
   <Status>XX</Status>
   <Quantity>1</Quantity>
  </ABC>
  <DEF>
   <Number>4</Number>
   <Status>HK</Status>
   <Quantity>1</Quantity>
  </DEF>
  <ABC>
   <Number>2</Number>
   <Status>AA</Status>
   <Quantity>1</Quantity>
  </ABC>
  <DEF>
   <Number>5</Number>
   <Status>HK</Status>
   <Quantity>1</Quantity>
  </DEF>
  <ABC>
   <Number>3</Number>
   <Status>YY</Status>
   <Quantity>2</Quantity>
  </ABC>
 </Segments>
</PARENT>

This is what I want to achieve
http://www.parkersoft.co.uk/forum/forum_posts.asp?TID=6555&title=extracting-multiple-items-from-emails
But I need to tweak it to fit my XML style...