As one of the 3 principal documents in international sales, the insurance policy covers the risks involved. Thus, it is central to the tender of documents especially where the sales are financed by a letter of credit or other advances. Apart from the documents stipulated in the contract, other customary documents may be tendered. Thus, in addition to the Introductory paragraph, other sub-headings discussed include: Tender of CIP Policy; Tender of Insurance Documents under Statute; Tender of Insurance Documents at Common Law; Tender of Insurance Documents under Incoterms; Tender of Insurance Documents under the UCP 600; Collection Under Uniform Rules for Collections; Cosequences of Failure to tender Insurance Document; Further Food for Thoughts; Concluding Remarks; References Used; and Further Readings.

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Tender of Insurance Documents at Common Law and Under UCP for Incoterms and Sales Financed by Credit

  • Professor Ademuni-Odeke

摘要

As one of the 3 principal documents in international sales, the insurance policy covers the risks involved. Thus, it is central to the tender of documents especially where the sales are financed by a letter of credit or other advances. Apart from the documents stipulated in the contract, other customary documents may be tendered. Thus, in addition to the Introductory paragraph, other sub-headings discussed include: Tender of CIP Policy; Tender of Insurance Documents under Statute; Tender of Insurance Documents at Common Law; Tender of Insurance Documents under Incoterms; Tender of Insurance Documents under the UCP 600; Collection Under Uniform Rules for Collections; Cosequences of Failure to tender Insurance Document; Further Food for Thoughts; Concluding Remarks; References Used; and Further Readings.