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,
ONE OR TWO INSURACE POLICY PRESENTED
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likalika83
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picant
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Re: ONE OR TWO INSURACE POLICY PRESENTED
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
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