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Transhipment riskcover

Posted: Tue Sep 22, 2009 1:00 am
by KimChristensen
Dear all,

I have an LC which under “Transhipment” states: “Allowed with transhipment riskcover”.

Have anyone seen similar? And/or have any clue what it is that the issuing is expecting to find in the documents?

In the case in front of me there is not even required an insurance document …

Thanks in advance.

Kim

Ps. I have asked issuing bank ... still waiting their reply :-)

Transhipment riskcover

Posted: Tue Sep 22, 2009 1:00 am
by JudithAutié
I have only seen this in a credit coming from India and requiring an insurance certificate which indicates "transhipment risks covered" (whatever that meant)

Best
Judith

Transhipment riskcover

Posted: Mon Sep 28, 2009 1:00 am
by JudithAutié
Kim

Did you get any answer from the IB?

I would be interested to see what they said (and eventually what country is involved)

Thanks
Judith

Transhipment riskcover

Posted: Wed Sep 30, 2009 1:00 am
by KimChristensen
Judith,
It is an LC from India ... and they did not bother answer :-(
Best
Kim