Insurance Cert to the order of BLANK

asamaha · Post by **asamaha** » Tue Jun 28, 2016 1:00 am

LC asks for an insurance policy/certificate issued to the order of the beneficiary and endorsed in blank.

A certificate of insurance referring to an open policy is presented showing the following:

"ON BEHALF OF :
... (name of beneficiary of LC)"

and

"TO THE ORDER OF :
BLANK (in words)"

Would you accept this document directly issued to the order of "blank" (i.e. to bearer) instead of being endorsed in blank by the beneficiary.

Regards
Antoine Samaha

VO9ILLSLOWINSKI · Post by **VO9ILLSLOWINSKI** » Fri Jul 01, 2016 1:00 am

Please refer to ISBP paragraph K19 - 21
I prefer to see the document and the LC which is not possible but I lean towards stating the document is not in compliance, especially considering K19 but read K20b and K21b carefully in what has been presented