16.5.25 Advice Generated for the Insurance Company
The LC_INSURANCEADV message is generated by the bank and sent to the Insurance Company at the time of Opening (BISS) and Amendment (AMND) of Islamic LC contract.
An insurance company advice gives details of the deal.
INSURANCE ADVICE
To,
_INSURANCECO_
_INSURANCECO_ADDR1_
_INSURANCECO_ADDR2_
_INSURANCECO_ADDR3_
_INSURANCECO_ADDR4_
Dear Sirs,
SUB:Open Policy/Cover No: _INSURANCECO_POIslamic LCYNO_
Our Letter Of Credit No. : _USERREFNO_ DATED : _ISSUE_DATE_
This is to advise you that we have today established the subject
Letter of Credit the details of which are as under. Kindly provide
us with Insurance Policy/Certificate/Declaration/Cover Note, which
ever is applicable, at your earliest
L/C No.:_CONTREFNO_
_IRREVOCABLE_
Amount:ABOUT _LC_CCY__LC_AMOUNT_CFR
Expiring On:_EXPIRY_DATE_
Opener of L/C:_APP_NAME_
_APP_ADDR1_
_APP_ADDR2_
_APP_ADDR3_
_APP_ADDR4_
Merchandise:_GOODS_DESCR_
Shipment From:_FROM_PLACE_
To:_TO_PLACE_
By:_SHIPMENT_DET_
Not Later Than:_LATEST_SHP_DATE_
Partial Shipment:_PARTIAL_SHP_
Transshipment:_TRANS_SHP_
Yours faithfullyFor Investbank PSC
[FILE COPY]
Parent topic: Islamic LC Event - Messages