Insurance on goods shipped against non-payment by reason of commercial and /or political risks as arranged.
Archives for insurance
Export Credits Guarantee
By admin on October 15th 2010 - No Comment
CIP – Carriage and Insurance Paid to (insert place of destination) 2010
By admin on August 28th 2010 - No Comment
Carriage and Insurance paid to …….(named place) means that the seller pays the freight to the named destination but with the addition that he has to procure cargo insurance against the buyer’s risk of loss or damage to the goods during the carriage. The buyer should note that the seller is only required to obtain [...]
CIF
By admin on August 28th 2010 - No Comment
Cost, Insurance and Freight ……..(to named port of destination) Incoterms 2010. means that the seller must pay the costs and freight charges necessary to bring the goods to the named port of destination but with the addition that he has to procure marine insurance against the buyer’s risk of loss or damage to the goods [...]
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