Home › Forums › Letters of Credit

insurance under policy?

1 reply [Last post]
Mon, 06/23/2008 - 07:18
Navi
Offline
Joined: 03/28/2008
Posts:
Printer-friendly versionPDF version

Hi friends.

I have received a document headed "insurance under policy" from the nominated bank. It is printed on a clean A4 paper, presumably written with MS Word. It includes the required info.

However it is signed by company xxxxxxx, which I cannot determine whether it is insurance company, or underwriter or agent... Only written its name. Moreover, somewhere on the policy, it is written "in case of damage or loss see instructions on the back" however its back is blank... No contact number or adress of the company is stated on the document...

I will refuse this document as per UCP600 28a. Am I write? What else can I state as reason of discrepancy other than its way of sign?
Thnks and rgds

‹ negotiation , prepaid,purchase, discounting shipment in two lots ›
Top
Thu, 06/26/2008 - 03:13
#1
VV
Offline
Joined: 03/05/2008
Posts:
Doubt or discrepancy

Hi !

It is difficult to tell when the documents are not actually seen.  However, base on the fact you provided, 

-  "Insurance under Policy" is not same as "Insurance Policy" or "Policy under Insurance".

- "Policy" should contain the terms or reference to the terms of insurance.

- the issuer is not apparent an issuing party stipulated in Art 28a.

Any above point constitute discrepancy(ies) no doubt.

Hope it help!

VV

 

Top