+973 17255292
This policy covers goods, freight and other interests against loss or damage to goods whilst being transported by rail, road, sea and/or air.
The contract of sale would determine who buys the policy. The most common contracts are :
In FOB AND C&F contracts, the buyer is responsible for insurance. Whereas in CIF contracts the seller is responsible for insurance from his own premises to that of the purchaser.
The sum insured or value of the policy would depend upon the type of contract. Usually, in addition to the contract value 10/15/20% is added to take care of incidental cost.
Building 331, Road 5616, Block 356, Salihiya, Kingdom of Bahrain. P.O. Box 10949.
200000845400002
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200000845400002
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