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Home Tag Archives: Insurance document showing a deductible

Tag Archives: Insurance document showing a deductible

WHETHER AN INSURANCE DOCUMENT CAN INDICATE THAT COVER IS SUBJECT TO A DEDUCTIBLE CLAUSE

By Mr Old Man
December 18, 2024
in :  Mr Old Man, Payment, Q&A
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499

QUESTION Dear Mr. Old Man, LC requires: FULL SET OF ORIGINAL INSURANCE POLICY/CERTIFICATE IN ASSIGNABLE FORM AND ENDORSED IN BLANK FOR 110PCT SHIPMENT VALUE, COVERING ALL RISKS, SHOWING CLAIM PAYABLE IN VIETNAM IN INVOICE CURRENCY AND SHOWING TOTAL NUMBER OF ORIGINALS ISSUED. The presented insurance policy shows: DEDUCTIBLE: 0.3% OF THE SUM INSURED OF THE WHOLE CONSIGNMENT. Can we raise …

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