How is insurance calculated in EXIM?

   Release date: 29/09/2022     Hits: 3928    Comment: 0    
Note: The premium of a marine insurance policy depends on the following factors:The nature and value of the goods that are bei

The premium of a marine insurance policy depends on the following factors:

  • The nature and value of the goods that are being transported

  • Applicable freight incurred for transportation

  • Any inherent risk in the goods

  • The route being taken for the voyage

  • The sort of vessel that is being used for transportation and its construction

  • The destination of the goods

  • Political risks, riots, commotion or unrest which might impact the delivery of goods

  • Natural calamities that may occur – Floods, high tides, etc.

The premium of marine insurance varies on a case to case basis and it is not universal.


 
Reward
 
More>RelatedNews
0 Related Reviews

Featured
RecommendedNews
Ranking