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Topic: Miscellaneous
Number of pages / Number of words: 34 / 9494
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Issued by an international forwarder.

Freight Forwarder BL ? BLs of the International Forwarders Association ? FIATA

Types of Insurance Policies (IP)

The IP is prepared by the insurance agent or the insurance company.

Open Time IP ? One time IP, used in air/marine transport. Policy expires with the completion of the transport (with delivery)...


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Policy expires with the completion of the transport (with delivery).

Open IP ? Open or current policy used to insure a number of shipments. Payment of premium only for actual shipments. Entails a declaration by the insured to the insurer pertaining to each and every shipment on a pre-determined basis (ad hoc, weekly, monthly and so on)...


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