Incoterms policyholder

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

Definition: The policyholder under Incoterms is the party who takes out (or holds) an insurance policy for the goods during transport in the context of Incoterms, and who bears the costs or liability for the insurance cover, as applicable under the chosen Incoterms (e.g., CIF/CIP).

Related Terms

You might also be interested in these terms

Incoterms policyholder role

Under Incoterms, this term refers to the party who acts as the policyholder (insured) of the insurance coverage for goods transported under Incoterms....

Learn more

ICC Incoterms®

The ICC Incoterms® (International Commercial Terms) are a set of internationally recognized trade terms published by the International Chamber of Comm...

Learn more

CIP policyholder

In a CIP shipment, the seller arranges carriage and minimum insurance to the named destination under Incoterms. The policyholder (insured) is the pers...

Learn more

Incoterms KPI

A metric used to assess how effectively Incoterms rules are applied in a transaction, typically by comparing the actual costs, risks, and responsibili...

Learn more

Incoterms SAP

Incoterms SAP refers to the Incoterms rules as implemented and used within the SAP software ecosystem to define responsibilities, costs, and risk tran...

Learn more

Rail Incoterms

A group of Incoterms applicable to freight transport by rail. They specify which party bears risk, costs, and obligations for the goods during shippin...

Learn more

⚖️ 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.

Incoterms Simulator →