What is Insurance Certificate?
Insurance Certificate A document issued by an insurance company certifying that the cargo is insured for specified risks during transportation.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Insurance Certificate” Used in Practice?
The insurance certificate covered all risks for the container shipment from port of loading to final delivery.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Insurance Certificate?
A document issued by an insurance company certifying that the cargo is insured for specified risks during transportation.
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