INSURANCE DOCUMENTS: NUMBER OF ORIGINALS TO BE PRESENTED

QUESTION

Dear Mr. Old Man,

I have two cases that need your comments:

Case 1:

LC requires presentation of insurance policy/certificate in one original and one copy.

The presenter presents one original and copy of insurance certificate. However, the insurance certificate presented indicates 2 originals issued.

Can we raise the discrepancy “Insurance certificate: Only one instead of two originals presented”?

Case 2:

LC requires presentation of:

+ Insurance policy/certificate in one original and one copy.

+ Beneficiary’s certificate certifying that one original of insurance policy/certificate has been sent to the applicant….

+ …

What if the insurance certificate is issued in one original and the presenter has sent one original to the applicant and presents only two copies of insurance certificate?

Looking forward to your soon reply.

Thank you.

———–

ANSWER

Hi,

Case 1:

Yes, you can raise such a discrepancy.

According to UCP 600 sub-article 28 (b) when the insurance document indicates that it has been issued in more than one original, all originals must be presented.

The insurance certificate presented indicates two originals have been issued, hence, two originals must be presented.

With regard to this issue, please also refer to ISBP 745 paragraphs A29 and K8.

Case 2:

According to ISBP 745 paragraph A29, the number of originals to be presented is to be at least the number required by the LC or UCP 600.

The LC requires presentation of one original insurance policy/certificate, and then at least one original of insurance policy/certificate must be presented. It is not complying if only two copies of insurance certificate are presented.

Kind regards,

Mr. Old Man