Insurance policies and commercial invoices in the knowledge of foreign trade ocean Freight
Insurance Policy and Insurance Certificate are the insurance contract concluded between the insurer (that is, the insurance company) and the insured (that is, the insured, generally the importer and exporter), and should be insured by Ocean Freight When the goods suffer losses within the scope of the insurance contract, they are the basis for the insured’s claim and the insurer’s settlement. An insurance policy (commonly known as a "big policy") is a formal insurance contract, which generally includes the following contents: the name of the insured, the name, quantity or weight of the insured goods, the mark, the type and name of the means of transport, and the The insurance category, the starting and ending place, the insurance period and the amount of insurance, also list the insurer’s responsibilities and the insurer’s and the insured’s respective rights, obligations and other detailed terms. An insurance certificate (commonly known as a "small insurance policy") is a simplified insurance contract. Except for the detailed terms of the rights and obligations of the insurer and the insured, the rest of the content is the same as the insurance policy, and It has the same effect as an insurance policy.
Commercial Invoice is abbreviated as invoice. It is the shipping price list issued by the exporting company for Ocean Freight to collect payment from the buyer. It is the basis for the seller and the buyer to ship, receive, keep accounts, collect payment, and declare taxes. There is no uniform format for invoices, but their contents are roughly the same, mainly including: invoice number, date of issuance, relevant export contract number, letter of credit number, consignee’s name and address, shipping mark, and the name, specification, quantity, and packaging method of the product , Unit price, total value, shipping place, destination, etc. The content of the invoice must comply with the provisions of the purchase and sale contract, and when using the letter of credit payment method, it should be in strict compliance with the provisions of the letter of credit and there must be no difference. In addition, the invoice must have the official signature of the shipper to be valid.
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