If an L/C calls for insurance cover per "Institute Cargo Clause All Risks", will Banks ac
If an L/C calls for insurance cover per "Institute Cargo Clause All Risks", will
Banks accept "Institute Cargo Clause A" ?
(1)( ) True (2)( ) False
If an L/C calls for insurance cover per "Institute Cargo Clause All Risks", will
Banks accept "Institute Cargo Clause A" ?
(1)( ) True (2)( ) False
A. earthquake
B. stranding,sinking and burning of the vessel
C. general average
D. particular average
a.Please cover us on the goods detailed below./Please insure us on the following.
b.We ask you to insure our goods for US $10000 against All Risks with the ABC Insurance company.
c.We are desirous of insuiring a consignment of cotton products against All Risks.
d.Please insure the goods at the invoice value plus 10% as usual.
e.We shah be glad if you will cover insurance against All Risks, warehouse to warehouse, from Hong Kong to San Francisco.
(1)( )05 April (2)( )12 April
(3)( )30 April (4)( )03 May
1,000 units shipped between 01 June ×××× and 30 June ××××
2,000 units shipped between 01 July ×××× and 31 July ××××
2,000 units shipped between 01 August ×××× and 31 August ××××
3,000 units shipped between 01 September ×××× and 30 September ××××
The beneficiary shipped the goods and presented documents as follows:
A. 1,000 units shipped on 15 June ×××× and documents presented on 30 June ××××
B. 3,000 units shipped on 15 July ×××× and presented on 28 July ××××
C. 2,000 units shipped on 31 July ×××× and presented on 15 August ××××
D. 3,000 units shipped on 15 September ×××× and presented on 30 September ××××
Which of the above sets of documents are complying?
(1)( )A only.
(2)( )C only.
(3)( )A and D only.
(4)( )A, B and D only.
A. the issuing bank
B. the confirming bank
C. the beneficiary
D. the remitting bank
(1)( ) A and D only
(2)( ) C and D only
(3)( ) A, B and C only
(4)( ) A and D only
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