ONE OR TWO INSURACE POLICY PRESENTED

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likalika83
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Joined: Tue Sep 19, 2017 6:50 am
First Name: lika
Last Name: lika
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ONE OR TWO INSURACE POLICY PRESENTED

Post by likalika83 »

ACCORDING TO THE UCP ART28 b. " WHEN THE INS DOC INDICATES THAT IT HAS BEEN ISSUED IN MORE THAN ONE ORIGINAL, ALL ORIGINALS MUST BE PRESENTED ".
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WE ARE ISSUING BANK AND RECEIVE THE NEGO DOCS ONLY ONE I/P PRESENTED AND THE I/P SHOWS ONE ORIGINAL ISSUED.
ACCORDING THE UCP, I THINK ONE I/P PRESENTED IS ENOUGH.

OUR L/C FIELD 46A: + INSURANCE POLICY OR CERTIFICATE IN 2/2 ORIGINAL FORM, BLANK .....
HOWEVER OUR L/C REQUEST " 2/2 " ORIGINAL FORM, SO WE THINK THE I/P STILL NEED 2 ORIGINAL FORM PRESENTED, IS IT REASONABLE ?

BEST REGARDS,
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picant
Posts: 1963
Joined: Wed Aug 20, 2008 1:49 pm

Re: ONE OR TWO INSURACE POLICY PRESENTED

Post by picant »

Hi Pal,

ISBP 745, para K8 states: When a credit requires the insurance document to be issued in more than one original, or when the insurance document indicates that it has been issued in more than one original, all originals are to be presented and are to appear to have been signed.
So presentatiion is discrepant! One question: reason to require 2/2 originals?
Let us know-ciao
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