Insurance policy vs. Insurance certificate
Posted: Wed Feb 28, 2007 12:00 am
Based on my question, which criteria divide the policy from the certificate, in case just the title is changed ? How does the bank approve the 'policy character' ?
Bank approves only on the face of the document whether the conditions of the L/C are met, therefore normally they only look for the title of the document.
Thank you all for your suggestions.
Regards
GerhardH
Bank approves only on the face of the document whether the conditions of the L/C are met, therefore normally they only look for the title of the document.
Thank you all for your suggestions.
Regards
GerhardH