export contingency insurance

  

Definition

Secondary marine insurance cover used when an exporter ships goods under terms (such as free on board or FOB) where the insurance for the cargo is importer's responsibility. This policy comes into effect when the importer either did not arrange insurance or it is insufficient to cover the possible losses.

Related Videos




http://www.businessdictionary.com/definition/export-contingency-insurance.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z