insurance docs states Insured as well as consigee

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dinesh2476
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insurance docs states Insured as well as consigee

Post by dinesh2476 » Sun Aug 14, 2022 6:38 pm

Dear Experts,

Kindly advise whether the presented insurance document complies with the ISBP article.

LC is silent about the endorsement.

Good day,

we request your opinion

Applicant: ABC
Issuing bank: BCD

Presented insurance document evidence as below.

Insured/Assured: Applicant

and in the body of the insurance document, it states:


Consignee: to the order of issuing bank


Thanks & Regards
Dinesh Kumar

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picant
Posts: 2000
Joined: Wed Aug 20, 2008 1:49 pm

Re: insurance docs states Insured as well as consigee

Post by picant » Mon Aug 15, 2022 2:49 am

Hi Pal,

IMHO the assured is the applicant as referred in the document, the sentence Consignee:to the order of issuing bank may refer to the transport document, consignee has no meaning in insurance document.
Other comments appreciated
Ciao

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