• Insurance certificates

    Chapter 3 - Cotton marketing - Documentation (‘back office’)

    Under a CIF contract the seller must provide an insurance certificate, issued by a first-class insurance company, showing that insurance cover has been arranged in accordance with the terms of the sales contract. The certificate must enable the buyer to claim any losses direct from the insurance company.

    The certificate entitles the holder to the rights and privileges of a known and stipulated master marine insurance policy that may cover a number of shipments. The certificate therefore represents the policy and is transferable with all its benefits by endorsement in the same manner as a B/L. 
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    Cotton Exporter's Guide

    Brochure - African cotton promotion
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