INSURANCE COVERED BY THE BENEFICIARY; CERTIFICATE IS TO BE SIGNED QUESTION Dear Mr. Old Man, We will appreciate your prompt answer to the following questions: Question 1: – LC stipulates: Insurance covered by the beneficiary. Insurance certificate in assignable form and blank endorsed covering all risks for 110pct of invoice value showing claim payable by settling Agent with full address in Vietnam in invoice currency in full set. – Presented Insurance … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?