Image credit generalmills.com

Image credit generalmills.com

ZIMSEC O Level Commerce Notes: 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.

To access more topics go to the Commerce Notes page

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