Team,
We are in receipt of lc wherein lc states:
Insurance/Marine Insurance policy in the currency of the crefit in assignable form and endorsed in blank for CIP/CIF value plus 10 pct covering ...... clauses.
Now beneficiary has presented Insurance policy wherein the assured party stated as "To Applicant" and it is not blank endorsed.
Is this a discrepancy?
Comments appreciated.
Insurance Policy Shows "To Applicant" As Assured Party
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No discrepancy
ISBP K21,
Others comments appreciated.
Others comments appreciated.
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there is no discrepancy
Who will endorse it? Applicant?
No discrepancy
No discrepancy
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Poorly drafted L/C
Hi,
this
BTW: What is in assignable form? And under which law?
Cheers,
Dan
this
is again an example for a poorly drafted L/C.Insurance/Marine Insurance policy in the currency of the crefit in assignable form and endorsed in blank for CIP/CIF value plus 10 pct covering ...... clauses.
BTW: What is in assignable form? And under which law?
Cheers,
Dan