Dear All
lc calls for insurance policy/certificate covering ocean marine transportation all risks (cic) and war risks ,now on the document presented the risk coverage is mentioned as ICC(A).WAR RISK AND SRCC kindly confirm in this case the word ALL RISK is compulsorily to be mentioned on the insurance certificate .
Insurance Covering Ocean Marine Transportation All Risk (CIC
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- picant
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Art 28 UCP 600 ISBP 745 K18
Hi Pal,
I think that ICC (A) insurance will cover any "all risks" insurance documents required in a l/c.
I dont understand cic-please explain.
Other comments appreciated
Ciao
I think that ICC (A) insurance will cover any "all risks" insurance documents required in a l/c.
I dont understand cic-please explain.
Other comments appreciated
Ciao
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allrisk cic vs icc
Thanks for my beloved Google, I found the cic is the Chinese Insurance Clause which is very popular in Chinese commerce practice. All Risk Clause (CIC) in general is similar to ICC Clause A and exclude War, Riot,... Your insurance document indicated ICC Clause A and SRCC so it covers wider range of risks than requirement in the credit. Hence, in IMO, presented doc is valid.
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insurance all risk
Dear Picant
Thanks for your reply . ''CIC'' I think its a typographical error error on the document.
Thanks for your reply . ''CIC'' I think its a typographical error error on the document.