Incoterms Insurance Obligation

Quelle: https://iccwbo.org/resources-for-business/incoterms-rules/

The term refers to the obligation to obtain or have a transport insurance policy arranged under certain Incoterms. Depending on the Incoterm chosen (for example CIF, CIP), this includes insurance against transport risks under statutory minimum terms. The responsibility for arranging, cost allocation, and the point at which risk transfers varies by Incoterm.

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Insurance obligation

Insurance obligation refers to the legal or contractual requirement to cover goods against possible risks by taking out an appropriate insurance polic...

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CIF insurance obligation

Under CIF, the seller is obligated to procure marine insurance for the goods, covering the voyage to the named destination, with a coverage amount typ...

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CIP insurance obligation

Under CIP (Carriage and Insurance Paid To) according to Incoterms 2020, the seller must arrange transport to the named destination and obtain insuranc...

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Insurance obligation under Incoterms

The insurance obligation under certain Incoterms means that the seller is required to arrange insurance for the goods during transport (typically with...

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Incoterms insurance sum

The insured value declared under the chosen Incoterms term, representing the maximum amount recoverable for loss or damage during transit; used to det...

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Incoterms risk insurance

Incoterms risk insurance refers to the insurance coverage for the cargo during transport as defined by certain Incoterms. It is mandatory or customary...

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