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131. A documentary credit calls for invoices for the full CIF value and insurance certificate covering all risks. Documents presented include invoices for the CIF value of USD 150,000 less discount ofUSD 25,000; a bill of lading evidencing shipment on 10 February; and insurance policy, issued on11 February, for USD 137,500 and effective from 09 February covering Institute Cargo Clauses A.According to UCP 600, all of the following statements are correct except:a) The insurance policy is acceptable.b) The insurance covers shipment period.c) The amount of the insurance cover is sufficient.d) The risks covered by insurance document are acceptable.
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