Evidence that a shipment is covered by cargo insurance, issued under an existing open policy.
By Taher Batterywala · Founder and editor · Updated 4 Aug 2026
Evidence that a particular shipment is insured, issued against a standing open policy rather than as a separate contract.
It matters under CIF and CIP, where the seller is obliged to provide insurance, and letters of credit routinely specify the cover and currency required.
