Incoterms deductible
Quelle: https://iccwbo.org/resources-for-business/incoterms-2020/
TL;DR
The term denotes the deductible (franchise) amount in a cargo insurance arrangement used in connection with Incoterms. It describes the amount the insured party (often the seller or buyer, depending on the agreed Incoterm) must bear in the event of a loss before insurance coverage applies. The exact amount and allocation of the deductible depend on the chosen insurance policy …
The term denotes the deductible (franchise) amount in a cargo insurance arrangement used in connection with Incoterms. It describes the amount the insured party (often the seller or buyer, depending on the agreed Incoterm) must bear in the event of a loss before insurance coverage applies. The exact amount and allocation of the deductible depend on the chosen insurance policy and the underlying Incoterm.
Related Terms
You might also be interested in these terms
⚖️ ICC Incoterms 2020
Incoterms 2020 Simulator: Who bears costs & risk?
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.