Where
the Insured is obliged to arrange insurance is in accordance with any
instructions contained in a Letter of Credit such cover
is granted hereunder,
provided it does not exceed the provisions of this contract wording or
is held covered at a premium to be agreed (by Underwriters).
Notwithstanding
the above and irrespective of the Letter of Credit requirements the interest of
the Insured named herein shall always be protected hereunder against all the
risks covered by this contract wording.
LETTER OF CREDIT CLAUSE (CARGO – NON STANDARD CLAUSES)
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