What is typically true about cargo insurance certificates?

Cargo insurance certificates are typically issued as a single negotiable original to provide proof of insurance coverage for the goods being shipped. This format allows the certificate to be transferred to other parties, such as buyers or banks, facilitating the financing or sale of the insured goods. Having a negotiable original is important in international trade, as it can be passed on to new owners or stakeholders involved in the transaction, thus providing flexibility and security in managing risks associated with shipping.

In contrast, while some certificates can be issued in multiple copies for record-keeping purposes, the original serves a vital function in transactions and is the most commonly recognized format. Not every cargo insurance certificate has to be non-negotiable, as those that are negotiable provide significant benefits in terms of ownership transfer. Additionally, cargo insurance is not exclusively required for international shipments; it is often prudent for domestic shipments as well, depending on the value of the goods and the terms of sale.