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Yes. It is required.
Yes of course to avoid risk and loss.
Yes it is cetainly required and that is why in international trade marine cargo insurance in most if not all countries around the world is compulsory, and marine insurance certificate or policy is one of the essential documents to import any goods, hence all commercial banks strictly require such insuarnce documents to participate in importing those goods.
Thanking you
Yes it is, in other words your shipment might not be recieved in good shape you expecting.
