Please help me to explain this case. Thanks a million!
The case is, Buyer and Seller trades following CIF Incoterms 2010, L/C applied UCP600 which just require to buy insurance for a minimum 110%CIF. So, could the exporter buy insurance with value more than 110%CIF (the buyer ask to sell the shipment for another). And if can buy more than that value, how much value is the maximum?