UNLESS THE LETTER OF CREDIT STATES OTHERWISE, INSURANCE COVERAGE ON...

Question

8. Unless the letter of credit states otherwise, insurance coverage on a CIF or CIP shipment must be for…… of the CIF or CIP value of the goodsA. 100%B. 90%C. 50%D. 110%

Answer

8. Unless the letter of credit states otherwise, insurance coverage on a CIF or CIP shipment must be for…… of the CIF or CIP value of the goodsA. 100%B. 90%C. 50%D. 110%

UNLESS THE LETTER OF CREDIT STATES OTHERWISE, INSURANCE COVERAGE ON...

8. Unless the letter of credit states otherwise, insurance coverage on a CIF or CIP

shipment must be for…… of the CIF or CIP value of the goods

A. 100%

B. 90%

C. 50%

D. 110%

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