CLAIMS PAYABLE AT DESTINATION QUESTION Credit stated that the “Insurance Policy endorsed in blank, for full CIF value plus at least 10% stipulating Claims payable at destination covering ……” . Note : Port of discharge : X port, India. My questions: 1) Does it mean that Insurance documents need to state “with claims payable at destination…….” ? 2) How about If the insurance documents … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?