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The per sending limit signifies the maximum amount or value the insurance company shall pay in case of loss or series of loss occurring out of a particular single shipment or consignment. If the policy has an add-on of extra coverage of duty on imports the per sending limit will...

The Limit per Location signifies the maximum amount the Insurance Company shall pay in the event of a loss or series of losses arising out of an event respectively at any one place or location. If in the event of loss or series of losses occurring out of one particular...

Thousands of cargo shipment from machinery, pharma equipment to bulk goods get transported through sea route every day across the globe. The loading and unloading also happen in a great number at the port and other premises every day. The cargo is exposed to a number of external factors and...

STOP also known as Marine Sales Turnover Policy is an insurance policy with a different proposition. Unlike the import and export policy where the value of the cargo shipment is insured, STOP policy covers all the different transits which are required to achieve sales of the goods/Products.Under import and export...

Sales Turnover Policy has many usefulness and advantages for manufacturers and sellers of goods and tangible products.These advantages are as follows:This policy offers coverage for purchases, sales and also returns of goods/ products in a single policy.The premium charged in Sales Turnover Policy (STOP) is affordable and competitive.The STOP policy...