Financial
Open Policy
Long-term cargo insurance contract automatically covering all shipments of the insured during its term without needing to declare each one individually. Certificates are issued for each shipment.
Long-term cargo insurance contract automatically covering all shipments of the insured during its term without needing to declare each one individually. Certificates are issued for each shipment.
Long-term cargo insurance contract automatically covering all shipments of the insured during its term without needing to declare each one individually. Certificates are issued for each shipment.
Open Policy
What is Open Policy, its role in foreign trade, and how it applies to customs operations in Mexico.
FinancialMarine Cargo Insurance
Policy protecting the insured against losses or damage to goods during maritime transport. Can cover from basic risks to all risks depending on the contracted ICC clause.
FinancialCertificate of Insurance
Document evidencing the existence of a cargo insurance policy for a specific shipment. Required in CIF/CIP operations and frequently requested by banks in documentary letters of credit.
FinancialInsurance Premium
Amount paid to the insurer as consideration for cargo insurance coverage. Calculated as a percentage of insured value (generally CIF + 10%) considering type of goods, route, and contracted clause.