UCP 600 Article 28: Insurance Documents — Complete Interpretation Guide

Introduction

UCP 600 Article 28 (Insurance Document and Coverage) is lettered 28(a), 28(b), 28(c), 28(d), 28(e), 28(f), 28(g), 28(h), 28(i), 28(j). Banks compile a presentation against those limbs on the face of the documents. First limb: An insurance document, such as an insurance policy, an insurance certificate or a declaration under an open cover, must appear to be issued and signed by an insurance company, an underwriter or their agents or their prox

Failure Mode Analysis

Failure mode 1: Skipping the first limb

Operations compile against later limbs and never test 28(a). The first limb is not optional. A presentation that violates it is a binary reject.

Applying the article

Read the limbs above as they stand in the ICC text. Do not import sub-articles from another article. Document examination remains UCP 600 Article 14: on the face of the documents, within five banking days following the day of presentation.

Conclusion

Use the article as printed. If a lettered sub-article is not in the text above, it is not part of the rule.

FAQ

What is Article 28(a)?

An insurance document, such as an insurance policy, an insurance certificate or a declaration under an open cover, must appear to be issued and signed by an insurance company, an underwriter or their agents or their proxies. Any signature by an agent or proxy must indicate whether the agent or proxy has signed for or on behalf of the insurance company or underwriter.

Are letters beyond j part of Article 28?

No. The ICC text letters Article 28 as (a), (b), (c), (d), (e), (f), (g), (h), (i), (j) only.

Does a five-day waiver request extend examination?

No. Article 16(b) states that approaching the applicant for a waiver does not extend the period in Article 14(b).