Getting to know international cargo insurance
Insurer: It is an insurance company whose details are mentioned in the insurance policy and is responsible for compensating the possible damage to the policyholder based on the conditions previously stipulated in the insurance policy.
Insurer: is a natural or legal person whose name is the insurance policy, he buys the insurance coverage by paying the right.
Beneficiary: Beneficiary is a natural or legal person who is mentioned in the insurance policy to receive all or part of the amount of damage caused to the insured item, and this person can be the policy holder. In the cargo insurance policy, the beneficiary of the insurance policy is basically the recipient of the product.
Transport insurance training
The conclusion of the insurance and the conditions of the insurance must be written in the insurance policy document, and the amount paid by the insurer is called the insurance premium and the insurance rate or transportation rate is called its calculation factor.
According to Article 3 of Iran’s Insurance Law, the following items must be mentioned in the insurance policy:
In this article, we tried to briefly describe the basic definitions of “familiarity with international cargo transportation insurance” and mention some general information about the insurance policy. If you have more questions about international shipping or if you need guidance or advice for shipping your products, you can contact the advisors of Iran and Africa Business Club.