How the amount of goods transportation insurance agreement Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

The amount of cargo insurance, according to different types of insurance were agreed:

1, the domestic cargo transportation insurance

According to departure to determine the cost or price negotiations. Shipped to the cost price of which is defined as when the goods are shipped to the cost of purchase price (in invoice) or a transfer price or the purchase price plus freight, packing charges, handling fees to be confirmed; consultations shall not exceed the insured value price. A single insured in different price, different Name of goods, insurance benefits should be separately identified, is also required to fill in the total amount of insurance. In addition, value-added-fat fare can also be calculated in accordance with the amount of insurance that the insurance amount = purchase price * (1 + VAT).

Second, export cargo insurance

Widely used in international trade in the port of shipment for delivery in general there are three price: CIF (FOB price, that is, FOB price); cost and freight price (ie, CFR price); CIF (including the cost plus freight plus insurance fee, that is, CIF price).

Generally speaking, States and international trade practices insurance law generally provides enough of export cargo insurance, the insurance amount on the basis of CIF prices of goods appropriate addition, the bonus rate is normally 10% of the insured person can also be agreed upon with the addition of different rates of , but generally not more than 30%. Insurance amount = CIF prices of goods * (1 + addition rate).

If it is CFR quotes should be converted into a CIF price, CIF = CFR / [1 - (1 +-plus rate) * premium rate]; if it is FOB pricing, you need to add first in the FOB price of freight has become CFR later, and then converted into a CIF price.

Third, imports of goods transport insurance

Insurance amount to the CIF price of imported goods subject to, in order to plus insurance, plus 10% could be suitable. In terms of CFR or FOB terms of imports, according to special premium rates and the average freight rate of direct calculation of the amount of insurance.

Imports by CFR: Insurance Amount = CFR price * (1 + special premium rate); by FOB imports: Insurance Amount = FOB price * (1 + average freight rate + special premium rate).