INSURANCE COVER REQUIRED FOR IMPORTS UNDER FOB TERMS SYED IBRAHIM'S QUERYFOB LC Dear Sir, We are entereed in to agreement with direct mine owners at indonesia for purchase of coal. As per agreement we have to open Letter of Credit. We have given all the documents to our bank along with Lc application. Bankers asking Insurance cover.Bankes saying without insurance cover Lc will not open. Particular cargo is … Read More