Financial
Warehouse to Warehouse
Cargo insurance clause extending coverage from the seller's origin warehouse to the buyer's final warehouse, including all intermediate transits, storages, and transshipments.
Cargo insurance clause extending coverage from the seller's origin warehouse to the buyer's final warehouse, including all intermediate transits, storages, and transshipments.
Cargo insurance clause extending coverage from the seller's origin warehouse to the buyer's final warehouse, including all intermediate transits, storages, and transshipments.
ICC Clause A
Broadest cargo insurance coverage from the Institute of London Underwriters protecting against all risks of physical loss or damage to goods, with expressly listed exclusions. It is the highest level of protection.
FinancialMarine Cargo Insurance
Policy protecting the insured against losses or damage to goods during maritime transport. Can cover from basic risks to all risks depending on the contracted ICC clause.
LogisticsIncoterms
International rules published by the International Chamber of Commerce (ICC) defining buyer and seller responsibilities for transport and delivery of goods.
FinancialInsurance Premium
Amount paid to the insurer as consideration for cargo insurance coverage. Calculated as a percentage of insured value (generally CIF + 10%) considering type of goods, route, and contracted clause.