Insurance Certificate Issue Instead Of Insurance Policy

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SANJIV
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Insurance Certificate Issue Instead Of Insurance Policy

Post by SANJIV » Mon May 15, 2017 1:55 pm

DISCREPANCY RAISE BY BANKERS :::: +INSURANCE CERTIFICATE PRESENTED I/O INSURANCE POLICY

WE HAD AN Marine Turnover Insurance Policy (OPEN POLICY) AND FROM THE SAME WE ISSUED INSURANCE CERTIFICATE CAN IT WILL BE DISCRIPANCY AS LC ASKED FOR INSURANCE POLICY?

kishorp
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Post by kishorp » Tue May 16, 2017 12:43 am

Hi freind..
It is a discripancy to issue ins certificate i/o policy

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picant
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Yes...

Post by picant » Tue May 16, 2017 2:27 am

Hi Pal,

art. 28 d UCP 600 is clear.
In italy documents have the same value, but UCP say no. Remember that in some Countries it is possible a difference, so UCP must consider it. The main reason is that policy contains all terms and conditions where certificate no.
Hoping that issuing bank only notify, and not reject the document, waiting for applicant acceptance.
You have to urge the buyer.!
Ciao

SANJIV
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Post by SANJIV » Thu May 18, 2017 3:29 pm

Thanks for reply....

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