Scrutiny for Insurance Documents

  • whether the policy is taken out in the name of the shipper
  • Certificate/policy is according to Letter of Credit terms
  • Risk commences w.e.f. date of B/L
  • Amount of insurance as per L/C terms
  • Whether drawn in the same currency as the L/C
  • Description of goods agree with B/L
  • Risks as per L/C are covered
  • The place where claims are payable is as per L/C terms
  • Adequately stamped

  • Details such as name of carrying vessel, ports of loading/destination, marks, agree with the B/L
  • Certificate of analysis, weighment,etc.
  • The certificates are issued by the authority stipulated in L/C
  • Name of the shipper is properly shown
  • The samples drawn relate to the goods actually shipped
  • Date of sample verification is within the date of shipment