Home Uncategorized WHETHER A DECLARATION UNDER AN OPEN COVER IS ACCEPTABLE IN LIEU OF AN INSURANCE CERTIFICATE

Uncategorized

WHETHER A DECLARATION UNDER AN OPEN COVER IS ACCEPTABLE IN LIEU OF AN INSURANCE CERTIFICATE

By Mr Old Man

Posted on March 22, 2014

10 second read

1,942

WHETHER A DECLARATION UNDER AN OPEN COVER IS ACCEPTABLE IN LIEU OF AN INSURANCE CERTIFICATE.

Click To Comment

Leave a Reply Cancel reply

Related Articles
More By Mr Old Man
More In Uncategorized

D/P AT XXX DAYS AFTER BL DATE

QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (D…

January 22, 2014
4 min read
QUESTIONS REGARDING BPO

QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên…

January 18, 2014
23 min read
NEGOTIATION WITH OR WITHOUT RECOURSE

QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clar…

December 30, 2013
4 min read
WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

…

December 13, 2013
10 min read
WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

…

December 5, 2013
1 min read
WHY IS FIELD 46A OPTIONAL?

…

December 3, 2013
1 min read
WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

…

November 30, 2013
3 min read
DOCUMENTS ARE TO BE PRESENTED WITHIN XX DAYS FROM/AFTER SHIPMENT DATE

…

November 29, 2013
4 min read
CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

…

November 27, 2013
4 min read
REIMBURSEMENT CLAIM

…

November 26, 2013
6 min read
INSURANCE DOCUMENT ISSUED TO ORDER OF THE ISSUING BANK

…

November 22, 2013
2 min read
CHANGING PAYMENT TERMS OF THE LC

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – I…

November 18, 2013
4 min read
AMOUNT OF COVER

QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fab…

November 13, 2013
3 min read
ABBREVIATIONS

…

November 7, 2013
2 min read
LC WITH SPECIAL PAYMENT CONDITION

QUESTION Our company is specialized in importing P-phones. Our policy is that the quality,…

November 7, 2013
3 min read
TOLERANCE APPLICABLE AGAINST INDIVIDUAL QUANTITIES

…

November 5, 2013
1 min read
LC IS TRANSFERABLE

…

October 30, 2013
1 min read
ANOTHER CASE OF ASSIGNMENT OF PROCEEDS

…

October 24, 2013
4 min read
AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

QUESTION LC states: – Special condition: Documents showing anycorrections without au…

October 19, 2013
6 min read
DOMESTIC LC

…

October 17, 2013
6 min read
WHY AVAILABLE BY PAYMENT INSTEAD OF AVAILABLE BY NEGOTIATION?

…

October 11, 2013
4 min read
ASSIGNMENT IN FAVOUR OF THE NOMINATED BANK

…

October 5, 2013
11 min read
INVOICE NOT ISSUED BY THE BENEFICIARY

…

October 2, 2013
3 min read
ADDRESS OF THE BENEFICIARY

…

September 23, 2013
2 min read
CERTIFICATE OF ORIGIN INDICATING A QUANTITY GREATER THAN THAT STATED IN THE CREDIT

…

September 17, 2013
2 min read
LC CONFIRMED BY THE FIRST ADVISING BANK

QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a questio…

September 15, 2013
2 min read
A FULL SET OF BILLS OF LADING MEANS A FULL SET OF ORIGINAL BILLS OF LADING

…

September 14, 2013
2 min read
THE NAME OF THE COUNTRY NEED NOT BE STATED

…

September 11, 2013
1 min read
CARGO TO BE RELEASED WITH MORE THAN ONE BILL OF LADING TO BE SURRENDERED

…

September 10, 2013
3 min read
COUNTER GUARANTEE

…

September 9, 2013
14 min read
STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

…

September 7, 2013
2 min read
CORRECTION AND ALTERATION

…

September 7, 2013
4 min read
A CERTIFICATE MUST BE ISSUED BY THE ENTITY STATED IN THE CREDIT

…

August 29, 2013
4 min read
DOCUMENTS PRESENTED DIRECTLY TO THE ISSUING BANK

…

August 23, 2013
3 min read
BL AND BL RIDER SIGNED WITH DIFFERENT SIGNATURES

…

August 15, 2013
6 min read
NEED THE NAME OF THE COUNTRY BE STATED?

…

August 15, 2013
1 min read
CAD

QUESTION Dear Mr. Old Man, Mr. Old Man cho em hỏi nghiệp vụ CAD xuất khẩu và nhập khẩu đượ…

August 6, 2013
12 min read
HOW TO DETERMINE THE PRESENTATION PERIOD WHEN MULTIPLE SETS OF BILLS OF LADING ARE PRESENTED

…

July 31, 2013
6 min read
WHERE ORIGINAL BILLS OF LADING ARE NOT REQUIRED TO BE PRESENTED

…

July 26, 2013
5 min read
SHIPPED ON BOARD THE PRE-CARRIAGE VESSEL

…

July 25, 2013
4 min read
PLACE OF AVAILABILITY VS PLACE OF EXPIRY

…

July 20, 2013
2 min read
PLACE OF PRESENTATION

…

July 15, 2013
3 min read
WHEN LC REQUIRES PRESENTATION OF LESS THAN A FULL SET OF ORIGINAL BILLS OF LADING

…

July 9, 2013
2 min read
EXPRESS BILL OF LADING

…

July 8, 2013
3 min read
WHERE DOCUMENTS UNDER D/P ARE NOT PAID

QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller sign…

June 25, 2013
5 min read
WHERE THE BL DATE IS REFERRED TO AS THE DATE OF ISSUANCE

…

June 21, 2013
4 min read
WHETHER SUB-ARTICLE 14 (c) IS APPLICABLE

…

June 21, 2013
2 min read
BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable?…

June 15, 2013
3 min read
Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement?

Introduction The wording used in a letter of credit can sometimes appear more demanding th…

2 hours ago
6 min read
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?

Introduction A question sometimes arises when a documentary credit requires a certificate …

2 hours ago
4 min read
Thà tử tế nhầm

Sáng ra, ngồi nhà cà phê, lướt Facebook, Mr. Old Man gặp một cái tút tiếng Anh thiệt hay. …

2 hours ago
6 min read

Load More Related Articles

Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement?

Introduction The wording used in a letter of credit can sometimes appear more demanding th…

2 hours ago
6 min read
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?

Introduction A question sometimes arises when a documentary credit requires a certificate …

2 hours ago
4 min read
Thà tử tế nhầm

Sáng ra, ngồi nhà cà phê, lướt Facebook, Mr. Old Man gặp một cái tút tiếng Anh thiệt hay. …

2 hours ago
6 min read

Load More By Mr Old Man

Slot Carrier vs. Actual Carrier on a Bill of Lading – Is It a Discrepancy Under UCP 600?

Introduction With the increasing use of slot charter arrangements in container shipping, b…

July 17, 2026
4 min read
Ba ngày Tết, hai ông vua phòng vé và một ông già nhiều chuyện

Mùng Một Tết, Mr. Old Man đi xem “Thỏ ơi!” của Trấn Thành. Mùng Ba Tết, lại đi xem “Nhà Ba…

February 19, 2026
6 min read
Chốt đơn Q&A mọi lúc mọi nơi!!!

Sáng nay ngồi ở Traditional Café, nhâm nhi ly cà phê mà cũng “chốt đơn” được 2 câu hỏi khá…

December 23, 2025
2 min read

Load More In Uncategorized

Check Also

Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement?

Introduction The wording used in a letter of credit can sometimes appear more demanding th…