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FrançaisA 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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The total amount of insurance that is carried.
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The entire written contract of insurance. More specifically, it is the basic written or printed document, as well as the coverage forms and endorsement added to it.
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