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Customs Glossary/Cargo Insurance

Cargo Insurance

Transport & logistics

PL: Ubezpieczenie cargo | DE: Transportversicherung

Definition

Cargo insurance protects goods in international transport against damage, loss, or theft. Standard terms are Institute Cargo Clauses (ICC): A (all risks), B (extended), and C (basic). Insurance value is typically 110% of CIF value. Under CIF/CIP terms the seller provides insurance; under FOB/FCA the buyer must arrange it.

Related Terms

Cargo Insurance — Customs Glossary | Celna24.com | Celna24.com