Dear Sir/Madam
.
Insurance Cert show a sentence on the front face as "This insurance is only valid when the carrier is cover by int'l P and I insurance"
.
I feel unsafe when waive it, but I donot know what ground we depend on to consider it is disc.
.
Pls let us know yr opinions!!
Tks very much!!!
Best regards,
AK
INSURANCE CERT IS INVALID
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THI THUY MYT_
- Posts: 49
- Joined: Fri Apr 05, 2019 5:15 pm
INSURANCE CERT IS INVALID
Although it is not stated in Article 28, bankers may not concern themselves with the terms and conditions of insurance documents, in the same way as with bills of lading. I am hoping this will be made clear in the official opinions that will be agreed in response to the usual flurry -in this case, of insurance related- queries from the Turkish NC.
Anyway, this is not a discrepancy irrespective of any prejudice it might potentially cuase the applicant.
Anyway, this is not a discrepancy irrespective of any prejudice it might potentially cuase the applicant.
INSURANCE CERT IS INVALID
In fact, in many instance the 'small print' or terms and conditions in insurance documents is so small it is almost impossible to read.
I do not consider it necessary to examine this small print as long as the document meets requirements of Article 28 and the terms and conditions of the credit itself.
English is not my first language either so - it becomes very difficult to understand the meaning of some of these long winded legalistic styled manuscripts.
Svetlana
I do not consider it necessary to examine this small print as long as the document meets requirements of Article 28 and the terms and conditions of the credit itself.
English is not my first language either so - it becomes very difficult to understand the meaning of some of these long winded legalistic styled manuscripts.
Svetlana