MARINE INSURANCE POLICY OR CERTIFICATE IN THE CURRENCY OF THE
CREDIT IN ASSIGNABLE FORM AND ENDORSED IN BLANK FOR CIF VALUE
PLUS 10 PCT MARGIN COVERING INSTITUTE CARGO CLAUSES (A) INSTITUTE
WAR CLAUSES (CARGO) AND INSTITUTE STRIKES CLAUSES (CARGO).
INSURANCE POLICY OR CERTIFICATE MUST INDICATE CLAIMS PAYABLE IN
SAUDI ARABIA IRRESPECTIVE OF PERCENTAGE.
.
ADDITIONAL RISKS:BENEFICIARY'S WAREHOUSE TO APPLICANT'S
WAREHOUSE AND TRANSHIPMENT RISKS(IF APPLICABLE) INSURANCE POLICY
OR CERTIFICATE MUST BE ACCOMPANIED BY FORM 2(SEE SPECIMEN)DULY
COMPLETED AND CERTIFIED BY THE CHAMBER OF COMMERCE AND LEGALISED.
.
FORM 2: DECLARATION ATTACHED TO INSURANCE POLICY/CERTIFICATE
1. NAME OF THE INSURANCE COMPANY...2. ADDRESS OF ITS PRINCIPAL
OFFICE..... 3. COUNTRY OF ITS INCORPORATION.....
THE UNDERSIGNED............. CERTIFY ON BEHALF OF THE ABOVENAMED
INSURANCE COMPANY THAT THE SAID COMPANY HAS A DULY QUALIFIED AND
APPOINTED AGENT OR REPRESENTATIVE IN THE KINGDOM OF SAUDI ARABIA
WHOSE NAME AND ADDRESS APPEARS BELOW:
..................... .........................
NAME OF AGENT/REPRESENTATIVE ADDRESS IN SAUDI ARABIA
SIGNATURE ....... DATE.......
.