Extended Payment Insurance Options for Freight

Quelle: https://www.munichre.com/en/solutions/cargo-insurance.html

An insurance solution protecting shippers or carriers against non-payment of freight charges when extended payment terms are granted. It covers the risk of default on freight payments beyond standard credit periods.

Related Terms

You might also be interested in these terms

Advance Payment Insurance

An insurance product that covers advances or deposits paid in international trade. It protects the buyer or seller against financial loss if the other...

Learn more

Claims Payment Insurance

Insurance coverage that bears the cost or payout in the event of damages or liability claims related to goods in transit, shipping, or logistics, incl...

Learn more

CMR insurance

CMR insurance is liability insurance for the carrier in international road freight transport, covering loss of or damage to goods in transit in accord...

Learn more

Port Insurance

An insurance policy that covers goods while they are located in a port facility, including the period of loading, unloading, and temporary storage, ag...

Learn more

Hull Insurance

An insurance policy covering physical damage, destruction, or loss to the hull (and often machinery) of a vessel occurring during transit or operation...

Learn more

payment ban

A court or authority order prohibiting a debtor from making certain payments to creditors.

Learn more