Insurance Certificate in Favor of Applicant
Posted: Fri Jul 16, 2010 3:28 pm
Dear Expert,
May I ask for your opinion of the following :
L/C :
BENEFICIARY: ABC CO LTD.
APPLICANT: DEF CO LTD
INSURANCE CERT. FOR 110 PCT INVOICE VALUE COVERING ALL RISKS IN FAVOR OF APPLICANT.
DOCUMENTS PRESENTED AS FOLLOWS :
ASSURED : ABC CO. LTD.
LOSS PAYABLE TO: DEF CO LTD
PREPRINT: UNDERWRITERS AGREE LOSSES, IF ANY, SHALL BE PAYABLE TO THE ORDER OF THE ASSURED OR LOSS PAYEE MENTIONED ABOVE, IF APPLICABLE, ON SURRENDER OF THIS CERTIFICATE OF INSURANCE.
MAY I TREAT IT IS ACCEPTABLE?
Thank you for your assistance.
Regards,
UCP 800
May I ask for your opinion of the following :
L/C :
BENEFICIARY: ABC CO LTD.
APPLICANT: DEF CO LTD
INSURANCE CERT. FOR 110 PCT INVOICE VALUE COVERING ALL RISKS IN FAVOR OF APPLICANT.
DOCUMENTS PRESENTED AS FOLLOWS :
ASSURED : ABC CO. LTD.
LOSS PAYABLE TO: DEF CO LTD
PREPRINT: UNDERWRITERS AGREE LOSSES, IF ANY, SHALL BE PAYABLE TO THE ORDER OF THE ASSURED OR LOSS PAYEE MENTIONED ABOVE, IF APPLICABLE, ON SURRENDER OF THIS CERTIFICATE OF INSURANCE.
MAY I TREAT IT IS ACCEPTABLE?
Thank you for your assistance.
Regards,
UCP 800