International Maritime Insurance Policy-International

Insurance policy (Insurance policy), referred to as the insurance policy. An insurance policy refers to a formal written certificate that the insurer and the insured conclude an insurance contract. The insurance policy must completely record the rights, obligations and responsibilities of both parties to the insurance contract. The content recorded in the insurance policy is the basis for the performance of both parties to the contract, and the insurance policy is the proof of the establishment of the insurance contract. The insurance policy must clearly and completely record the rights and obligations of both parties concerned. The insurance policy mainly contains the names of the insurer and the insured, the subject-matter insured, the insurance amount, the insurance premium, the insurance period, the scope of liability for compensation or payment and other regulations matter. The insurance policy is signed by the insurer and handed over to the insured for receipt based on the policyholder ’s application. The insurance policy is the main certificate for the insured to claim compensation from the insurer when the insurance subject suffers an accident and is also charged by the insurer Basis for insurance premiums. Marine insurance policy Insurance policy (Insurance policy), referred to as the insurance policy. An insurance policy refers to a formal written certificate that the insurer and the insured conclude an insurance contract. The insurance policy must completely record the rights, obligations and responsibilities of both parties to the insurance contract. The content recorded in the insurance policy is the basis for the performance of both parties to the contract, and the insurance policy is the proof of the establishment of the insurance contract. The insurance policy must clearly and completely record the rights and obligations of both parties concerned. The insurance policy mainly contains the names of the insurer and the insured, the subject-matter insured, the insurance amount, the insurance premium, the insurance period, the scope of liability for compensation or payment and other regulations matter. The insurance policy is signed by the insurer and handed over to the insured for receipt based on the policyholder ’s application. The insurance policy is the main certificate for the insured to claim compensation from the insurer when the insurance subject suffers an accident and is also charged by the insurer Basis for insurance premiums. Marine insurance rate Insurance fee = insurance amount * insurance rate insurance amount = invoice CIF price (CIF price) * invoice markup rate (usually 10% markup) = CIF price * 110% 1. In the absence of special regulations, it is generally based on 110% of the CIF price, and the special price does not exceed 120% of the CIF price. 2. According to international practice, the marine insurance clauses are three types of ICC (A / B / C), which are British Insurance Association clauses; domestic companies generally have CIC clauses, which are China-defined clauses. 3. The factors of fixed insurance rate are as follows: the type of goods, the voyage, the packaging, the terms used, the amount of insurance coverage, the policy model and the limit of liability; each item will affect the rate. 4. The insurance model is generally divided into three types: a single form, that is, only a single cargo is insured; a monthly form, according to the agreed insurance premium rate to declare insurance monthly, no declaration will not receive premiums; The settlement time is about 75% of the estimated premium paid in advance. In the above three ways, the rate will be reduced in turn.