Insurance Under The LC Document

vishnumaha · Post by **vishnumaha** » Tue Jan 31, 2017 7:51 pm

If the LC allows for 110% of insurance and when the beneficiary presented docs for only 80% of LC value what will be the value of insurance certificate? Will it be propotionate for 80% of the LC value of 110% of the LC value

picant · Post by **picant** » Sun Feb 05, 2017 3:05 pm

Hi Pal,

the insurance is 110% of the goods shipped, so in case of partial shipment, it will be calculate on
the value of the partial supply.
Other comments appreciated
Ciao

Lydia · Post by **Lydia** » Sat Feb 18, 2017 4:23 pm

Insurance will be calculated on the amount actually shipped ,so it will be 110% on the amount shipped appear in invoice

Insurance Under The LC Document

Insurance Under The LC Document

Goods value