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Insurance Under The LC Document
Posted: Tue Jan 31, 2017 7:51 pm
by vishnumaha
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
Goods value
Posted: Sun Feb 05, 2017 3:05 pm
by picant
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
Posted: Sat Feb 18, 2017 4:23 pm
by Lydia
Insurance will be calculated on the amount actually shipped ,so it will be 110% on the amount shipped appear in invoice