We never use insurance
Post 1 of 22
we have been importing many times from china lots of kid goods by the way, and usually prefer to delivery term FOB, and we never use insurance as we had received as CIF, its same.
The exporters dont aggree to make insurance police by the way, maybe it was concerning with the confediantialism on trading in small village, in the World.![[em10]](http://img.alibaba.com/images/eng/style/icon/emoticons_silly.gif)
The exporters dont aggree to make insurance police by the way, maybe it was concerning with the confediantialism on trading in small village, in the World.
13 Sep 2006 06:34
Post 2 of 22
Replying to [haiden]:What you will do if one time you will not be so lucky and something bad happen with your goods?
14 Sep 2006 00:00
Post 3 of 22
Lol..are you trying to point out that insurance an't much of a use. All of your order's should be shipped with insurance besides the first sample order.
One day all these money you saved will come back at you, and you'll have to high payment to recover.
One day all these money you saved will come back at you, and you'll have to high payment to recover.
14 Sep 2006 14:16
Post 4 of 22
Replying to [haiden]:
maybe you are right
but I think all the trade terms have its own benefit, have the advantage and disadvantage.
maybe you are right
but I think all the trade terms have its own benefit, have the advantage and disadvantage.
14 Sep 2006 18:56
Post 5 of 22
Replying to [haiden]:OUR CLIENTS NEVER USE INSURANCE TOO BEFORE.BUT LAST TIME ON JULY,THE PROBLEM HAPPENED.THE WATER ENTERED THE CONTAINER AND MY COUSTOMER ASKED FOR COMPENSATION FROM THE SHIPPING COMPANY.BUT THE SHIPPING AGENT SAID IT'S DIFFICULT BECAUSE HE DID NOT BUY THE INSURANCE FOR THE SHIPMENT![[em4]](http://img.alibaba.com/images/eng/style/icon/emoticons_sad.gif)
14 Sep 2006 19:06
Post 6 of 22
Replying to [haiden]:What do you mean "we never use insurance as we had received as CIF"
Well if you are buying goods on FOB terma, why supplier will give you insurance and if you are buying on CIF terms, Supplier must have to insure goods @ 140% or higher as per your deal..
Insurance is just for safety of goods and you don't loose any money if any mishappening happens.
and it cost only quarter percent of the order..
Well if you are buying goods on FOB terma, why supplier will give you insurance and if you are buying on CIF terms, Supplier must have to insure goods @ 140% or higher as per your deal..
Insurance is just for safety of goods and you don't loose any money if any mishappening happens.
and it cost only quarter percent of the order..
14 Sep 2006 23:42
Post 7 of 22
Replying to [haiden]:All of your order's should be shipped with insurance besides the first sample order.
15 Sep 2006 01:38
Post 8 of 22
Replying to [haiden]: i think insurance is necessary to do
It depends how much you ship goods and the value of goods.
You can do it yearly or per month per shipment . if you need help contact me via trade manger![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
![[em7]](http://img.alibaba.com/images/eng/style/icon/emoticons_shy.gif)
It depends how much you ship goods and the value of goods.
You can do it yearly or per month per shipment . if you need help contact me via trade manger
15 Sep 2006 05:56
Post 9 of 22
Replying to [haiden]: A stich in time saves nine.
This is an old saying. A friendly suggestion to you is that please go for insurance. Any time if there is some problem you might loose heavily.
This is an old saying. A friendly suggestion to you is that please go for insurance. Any time if there is some problem you might loose heavily.
15 Sep 2006 07:03
Post 10 of 22
Replying to [haiden]:Don't depend in that you must have Insurance in every load or you'll regret someday also:
It's better for you both (Buyer and seller)to make insurance in your Country by local Insurance Company because:
1- If any damages happens you can proof it easier in local insurance company than Chinese insurance Company,
2-If you proof Damages its easier to take Mony from your local insurance Company than required a Chinese Company
3-Sellers didn't accept make Insurance becuse in this case (Of Damage) you will force them to following your Insurance and thats not their business -You will make them responsble in fact they are not -So,They prefer to not make a problems with Customers,
Insurance in China is very cheap you can use it only for Documentation as (GATT terms ) as a Paper to reduse Customs Fees but you must have your local Insurance Company which depend on if any damages in your load,
Wishing Good Luck no damages(Ahmed H.Said)
It's better for you both (Buyer and seller)to make insurance in your Country by local Insurance Company because:
1- If any damages happens you can proof it easier in local insurance company than Chinese insurance Company,
2-If you proof Damages its easier to take Mony from your local insurance Company than required a Chinese Company
3-Sellers didn't accept make Insurance becuse in this case (Of Damage) you will force them to following your Insurance and thats not their business -You will make them responsble in fact they are not -So,They prefer to not make a problems with Customers,
Insurance in China is very cheap you can use it only for Documentation as (GATT terms ) as a Paper to reduse Customs Fees but you must have your local Insurance Company which depend on if any damages in your load,
Wishing Good Luck no damages(Ahmed H.Said)
16 Sep 2006 01:17
Post 11 of 22
Info on this site is very helpful to decide whether or not to Insure ...
http://www.chubb.com/international/singapore/business/faq.html
16 Sep 2006 19:55