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INSURANCE DOCUMENTS IN LETTER OF CREDIT TRANSACTIONS

By Mr Old Man

Posted on March 18, 2014

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INSURANCE DOCUMENTS IN LETTER OF CREDIT TRANSACTIONS.

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DOCUMENTS ARE TO BE PRESENTED WITHIN XX DAYS FROM/AFTER SHIPMENT DATE

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ABBREVIATIONS

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LC WITH SPECIAL PAYMENT CONDITION

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ASSIGNMENT IN FAVOUR OF THE NOMINATED BANK

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ADDRESS OF THE BENEFICIARY

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COUNTER GUARANTEE

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STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

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CORRECTION AND ALTERATION

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PLACE OF PRESENTATION

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