Insurance Under The LC Document

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vishnumaha
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Insurance Under The LC Document

Post by vishnumaha » Tue Jan 31, 2017 7:51 pm

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

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picant
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Goods value

Post by picant » Sun Feb 05, 2017 3:05 pm

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
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Lydia
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Post by Lydia » Sat Feb 18, 2017 4:23 pm

Insurance will be calculated on the amount actually shipped ,so it will be 110% on the amount shipped appear in invoice

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