A credit calls for an insurance document without stating the number of originals/copies required.
The document presented in 1 signed original and 1 photocopy stamped 'Duplicate', indicates that it is 'issued in 2 copies'.
Would you consider such presentation as discrepant?
Regards
Antoine Samaha
Insurance document
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HOANGTHIANHTHU_invalid
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Insurance document
Hi,
As the insurance document indicates that it is issued in 2 copies, it is understood that the document is issued in 2 originals which must be presented.
According to ISBP 745 para. A28, documents issued in more than one original may be marked "Original", "Duplicate", "Triplicate"… None of these markings will disqualify a document as an original. So, the photocopy stamped “Duplicate” can be treated as an original document.
According to UCP 600 sub-article 17 (c)(iii), unless a document indicates otherwise, a bank will also accept a document as original if it states that it is original.
Based on the above, I think there is no discrepancy.
Kind regards,
N.H.Duc
As the insurance document indicates that it is issued in 2 copies, it is understood that the document is issued in 2 originals which must be presented.
According to ISBP 745 para. A28, documents issued in more than one original may be marked "Original", "Duplicate", "Triplicate"… None of these markings will disqualify a document as an original. So, the photocopy stamped “Duplicate” can be treated as an original document.
According to UCP 600 sub-article 17 (c)(iii), unless a document indicates otherwise, a bank will also accept a document as original if it states that it is original.
Based on the above, I think there is no discrepancy.
Kind regards,
N.H.Duc
Insurance document
So, there's no need for the photocopy stamped as duplicate to be originally signed.
Regards
Antoine
Regards
Antoine