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?
Insurance Certificate Issue Instead Of Insurance Policy
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SANJIV
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- First Name: SANJIV
- Last Name: BIDKAR
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picant
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- Joined: Wed Aug 20, 2008 1:49 pm
Yes...
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
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