A documentary credit calls for presentation of an insurance certificate. Which of the following insurance documents would be acceptable for CIF shipment where the invoice value is USD75,000.00?
A. insurance certificate for USD82.500.00
B. insurance policy for USD85,000.00
C. insurance declaration under open cover for USD75.000.00
D. insurance certificate for USD75.000.00
(1)( ) A and B only
(2)( ) A and D only
(3)( ) B and C only
(4)( ) C and D only
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