LC:46A DOCUMENTS REQUIRED
CERTIFICATE OF WARRANTY ISSUED BY THE MANUFACTURER
IN 2 ORIGINALS
INSURANCE CERT. COVERING ALL RISKS INCLUDING WAR RISKS
AND STRIKES RISKS IN 2 ORIGINALS
DOCUMENT PRESENTED
WARRANTY CERT. SHOWING
THE WARRANTY PERIOD SHALL BE 12 MONTHS FROM DATE OF
COMMISSIONING OR MAXIMUM 18 MONTHS AFTER DATE OF
SHIPMENT FROM THE FACTORY, OR THE FIRST 2000 DIESEL
ENGINE HOURS OF OPERATION, WHICH SHALL OCCUR FIRST.
INSURANCE CERT. MARKED – 03 ORIGINALS
SHOWING COVERING ALL RISKS INCLUDING RISKS OF WAR AND SR AND CC.
MAY I HAVE YOUR COMMENT :
PROVIDED FULL SET 3/3 ORIGINLALS ARE PRESENTED.
2. COVERING STRIKE RISKS SHOULD BE CLEARLY INDICATED ON
INSURANCE CERT. EVEN THOUGH “SR AND CC” “SR” STAND FOR
STRIKE AND RIOTS
3. WARRANTY CERT. SHOULD BE DATED.
FOR YOUR REFERENCE:
ISBP 681
13)Drafts, transport documents and insurance documents must be dated even if a credit does not expressly so require. A requirement that a document, other than those mentioned above, be dated, may be satisfied by reference in the document to the date of another document forming part of the same presentation (e.g., where a shipping certificate is issued which states “date as per bill of lading number xxx” or similar terms). Although it is expected that a required certificate or declaration in a separate document be dated, its compliance will depend on the type of certification or declaration that has been requested, its required wording and the wording that appears within it. Whether other documents require dating will depend on the nature and content of the document in question.
THANK YOU FOR YOUR ASSISTANCE.
REGARDS,
LEUNG, KS
Insurance cert.
Hi Leung Ks,
As we know that although UCP 600 is lenient on abbreviations, but these can be very dangerous when it comes to insurance clauses.
It is sometimes practice of some insurance companies to quote the exact wordings of the letters of credit onto the insurance policy.
Please note that there are terms like institute/war strike clause or theft in custom house, particular average, civil commotions which are titles of insurance coverage and cannot be abbreviated. The insurance policy should clearly state that it is covering ''Institute cargo clause'' or ''Civil commotions'' and in case if you are in receipt of an insurance policy it that contains abbreviations then the insurance policy should be checked minutely for all the cargo clauses required in the letter of credit. irrespective of SR or CC.
Please also note that wordings ''all risk'' or ''cargo clause 'a' cover all risk including sr or cc.
Please make sure to check on the back side of the policy and make sure that there are no exclusion stamps.
Regards,
Raza
Insurance SR and CC clauses - Mfg cert of warranty
Hi KS,
I will answer the Manufacturer's certificate of warranty first. If the credit does not state the details required, any document is acceptable. Since the credit does not ask for it to be dated, it is acceptable.
Now for the insurance certificate. The SR and CC risks covered should be acceptable provided you have an examiner who knows what this means. I would suggest that it is spelled out, but if you are the examiner, then it would be acceptable as you know the abbreviation. Remember common abbreviations are acceptable, and these are common on insurance documents.
As to the presentation of 3 originals, this is a discrepancy. I know it may seem strange, but think of it this way. If the credit called for 3/3 bills of lading and 4/4 originals were presented, would you not note a discrepancy. Basically if they are asking for 2 originals, only 2 should be issued.
I hope this helps out.
Best regards,
LC Sam