LC call for insurance policy blank endorse. Beneficiary presented insurance certificate not endorse. Is this a valid discrepancy .
Dear members your comments appreciated
LC Calls For Insurance Policy Blank Endorsed
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- Posts: 165
- Joined: Sat Nov 24, 2012 12:40 pm
- First Name: ART
- Last Name: TRATADOLIBRE
- Organization: Trade Co
- Filter: Two Plus Two =: 4
- Location: United States
- picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Discrepant
Hi Pal,
a certificate of insurance will not accepted in lieu of insurance Policy.
Other comments appreciated
Ciao
a certificate of insurance will not accepted in lieu of insurance Policy.
Other comments appreciated
Ciao
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- Posts: 36
- Joined: Thu Mar 12, 2009 5:34 pm
Discrepant
Yes it is discrepant...Agree with Picant ,Certificate cannot be presented in place of policy.
Would like to add on the endorsement part - If a LC requires Insurance document to be endorsed there are two options available- One it can be endorsed as per LC requirement or it can me made out to bearer (In this scenario no endorsement required).
Would like to add on the endorsement part - If a LC requires Insurance document to be endorsed there are two options available- One it can be endorsed as per LC requirement or it can me made out to bearer (In this scenario no endorsement required).