Certificate of insurance

Certificate of insurance

• Provides proof that the goods being transported have been insured.
• Has to be produced when making a claim to the insurance company, if a risk insured against has occurred.
• Can be an open (floating) insurance policy.
• To cove all exports within a stipulated period of time.
• To avoid individual cover for each consignment.
• Accompanies the goods being transported.
• Required as part of documentary credit.

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