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Posted: **Tue Jul 26, 2016 12:33 am**

Hi Experts,

Good Day, I have processed one issuance in this insurance certificate coverage given 80 percent of invoice value but as per ucp 600 it should be 110 percent value. Please advise is it discrepancy?

Posted: **Tue Jul 26, 2016 10:47 am**

Hi Pal,

as per art 28 f ii, if not expressly required in the l/c , insurance coverage must be minimum 110%.
So it is!
Ciao

Posted: **Tue Jul 26, 2016 5:35 pm**

Hi Pal,
Please go through the Documentary Credit's Terms & Conditions... If it states anything that should be followed, Otherwise it should be 110% of CIP or CIF value according to UCP 600 Article - 28 f (ii).
So, If it is not stated in L/C, Yes, It's a discrepancy...

Posted: **Wed Aug 24, 2016 8:06 pm**

Yes, It's aparently discrepant

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Insurance Certificate Coverage Given 80 Percent Of Invoice Value

Insurance Certificate Coverage Given 80 Percent Of Invoice Value

If not stated...

Go through the DC terms & conditions....