An insurance certificate is a representation of the insurance policy taken out by the buyer or the seller (depending on the Incoterms) for a shipment.
• Blank insurance certificates are supplied by the insurer pre-signed and bearing the open policy number of the exporter. For an air shipment, an air waybill serves as an insurance certificate.
• For a sea shipment, an insurance certificate is issued as evidence of the existence of the marine insurance policy.
• The marine insurance policy is a contract between the insured and the insurer which defines the terms of the agreement between the insured and the insurer.
Shipping estimate- a guide for wholesalers and importers
Author: Ellango
How the shipping charges are estimated and the volumetric weight is taken into consideration for Mobile Phone Shipments- a study
