Glossary → Insurance premium
Insurance premium
An insurance premium is the payment the insured makes to the insurer for taking on the risks under the insurance contract. Its amount depends on the sum insured, the route, the type of cargo and the coverage terms.
The premium is part of the logistics costs; under terms where the buyer pays for the insurance or it relates to the import, it is counted in the customs value.
We will factor the insurance premium into the payment calculation and help with the clearance.
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