Insurable Interest of Ownership

An agreement in which a creditor or a third party obtains a pledge (collateral) on goods that are insured, so that an insurable interest (the right to...

An insurable risk is a risk that, under insurance terms, qualifies for coverage and can be the subject of an insurance policy.

A security arrangement in which the debtor transfers ownership of an asset to the creditor as security while retaining possession of the asset, so tha...

The insurable value is the amount used as the basis for insurance coverage and premium calculation, and the value up to which the insurer will compens...

The interest value denotes the economically relevant value of a party's right, stake, or claim in a shipment, cargo, or process. It is used to assess ...

Customs interest is the compensation in the form of interest charged on late or refundable customs duties and related charges under customs law. It ap...