Definition of insurance certificate in English English dictionary
A document that assures the consignee that the merchandise is insured to cover loss or damage while in transit
- The official insurance document given to you by the insurance company You will need this in the event of a claim
The official insurance document given to you by the insurance company You will need this in the event of a claim
Document which assures the consignee that insurance is provided to cover loss or damage to the cargo while in transit
A document issued to the consignee to certify that insurance is provided to cover loss of or damage to the cargo while in transit
Supplied by an exporter or freight forwarder to prove the goods to be exported are insured for transport
Document giving details of insurance cover for a consignment The certificate will cross-reference a master insurance policy and must be countersigned
A document indicating that insurance has been placed under an open policy Such an open policy usually covers numerous shipments over specified periods of time Insurance Certificates issued under such a policy are then issued for a particular shipment and are usually issued in negotiable form, losses being payable to order of the holder Most commonly it is issued for 110% of the C I F value
A document issued by the lessee's insurer to provide coverage of the asset during its lease period
Document issued by an insurance company or broker attesting that a particular piece of property is insured
This certificate is used to assure the consignee that insurance is provided to cover loss of or damage to the cargo while in transit
This certificate is used to assure the consignee that insurance is provided to cover loss of or damage to the cargo while in transit » Back to top of screen
It is necessary to furnish insurance certificates when the seller provides ocean marine insurance (usually in duplicate) The certificates are negotiable documents; as such they must be endorsed before they are submitted to the bank The seller can arrange to obtain an open cargo policy, which the freight forwarder would maintain