insurance policy

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
narisa
Posts: 63
Joined: Tue Feb 03, 2009 9:23 pm

insurance policy

Post by narisa » Sun Aug 16, 2009 4:12 pm

Dear all
l/c called for insurance policy made in favour of applicant,how should we do for insurance dox
1st show assure party as named applicant or
2nd show "infavour of applicant" in claims payable field.
thks for all replied

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Rationale

Post by picant » Sun Aug 16, 2009 6:32 pm

Hi Pal,

you speak about Insurance Policy, so a policy made for this transaction. If it is so, I will prefer to have a Policy made out to applicant.

other comments appreciated

Ciao

iLC
Posts: 504
Joined: Thu Jun 26, 2008 10:33 pm

assured

Post by iLC » Wed Aug 19, 2009 10:26 pm

not very sure about the question. could you please put the insurance policy here. in general i would like to see the beneficiary name on assured box. but it depends.

Post Reply