Friday, December 3, 2021

All Risks Insurance Policy Under L/C Payments

Letter of credit conditions must be clear and precise without leaving any room for ambiguity. In terms of insurance documents, the letter of credit must...
letter of credit documents

Letter of Credit Documents

After reading this post, you should understand why documentation is very important under letters of credit. Additionally, most frequently used document links have been supplied...
Which is the best insurance type that should be selected against non-delivery risks?

Which is the Best Cargo Insurance Type That Should be Selected Against Non-Delivery Risks?

Institute Cargo Clause A (All risks), Institute Cargo Clause B and Institute Cargo Clause C are the main types of cargo insurance types used...
insurance documents

Insurance Documents

Insurance defined by merriam-webster dictionary as "a coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified...

Amount of Cargo Insurance Coverage Example under an L/C Payment

The purpose of taking out insurance is to receive compensation in case the goods do not arrive or are damaged. Therefore, the policy holder must...
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