Meaning Of Insurance Certificate Assignable

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
TradeLaporte
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

Meaning Of Insurance Certificate Assignable

Post by TradeLaporte » Thu Oct 23, 2014 10:56 am

Dear members
is the following doc acceptable and its meaning

Insurance policies or certificates in assignable form and endorsed in blank ..

Your comments appreciated it

mskhan42
Posts: 71
Joined: Tue Feb 26, 2013 4:11 pm
First Name: MUHAMMAD SAQIB
Last Name: KHAN
Organization: BANQUE DE COMMERCE
Filter: Two Plus Two =: 4
Location: DUBAI

Insurance

Post by mskhan42 » Tue Nov 04, 2014 1:15 pm

Hi,
I am ok with this and as per my understanding
issuing bank need insurance policy/certificate
issued to order of and blank endorsed or in other
words IB need insurance doc in negotiable form.
Regards,

Post Reply