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FrançaisThe tariff rate applicable to a product imported within the limits of a tariff quota volume.
Read MoreInstitute Cargo Clauses
Standard international transport insurance clauses, published by the Institute of London Underwriters. The Institute Cargo Clauses are three sets of clauses providing different level of protection: the “A” Clauses correspond to the general notion that is commonly referred to trade…
Read MoreInsurable interest
A principle of insurance that in order to obtain coverage on a shipment, a party must have a legal relationship to either the transportation (entitlement to freight cost or wages) or to the insurable property, the carrier itself, or the…
Read MoreInsurance broker
An individual or firm who represents buyers of insurance and deals with insurance companies or their agents in arranging for insurance coverage for the buyer. An insurance agent represents a single insurance company whereas an insurance broker is free to…
Read MoreInsurance certificate
A document used so that coverage is provided to cover loss or damage to cargo while in transit when insurance is placed against an open marine cargo policy. In some cases a shipper may issue a document that certifies that…
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