A: Many customers set their own CIF prices, and as a result, when the goods arrive in Hong Kong, the consignee requires an insurance policy before insurance. There are also customers who do not make CIF prices, but some destination ports need insurance policies to clear customs; There are also customers who want to make up the account, and then remember to leave the policy documents as the bottom, and so on.

First of all, when the goods arrive in Hong Kong, the insurance company will not cover this situation. For the above reasons, customers need to use the insurance policy as a customs clearance document, so they can also agree on a "no claim guarantee" with the insurance company before issuing the insurance policy (the insurance policy cannot be used for claims settlement).

This ship has sailed for many days. Can I still get insurance?

A: Some people insured late because the shipowner gave the information very late. Someone forgot to buy insurance; Some people think that the risk of floating goods at sea has increased, so they think of insurance.

On the whole, insurance companies generally stipulate that import and export ships can still be insured within 7 days or less than one-third of the voyage, and they need to provide "counter-signing guarantee" (counter-signing guarantee refers to ensuring the safety of goods before insurance, and claims can only be settled after insurance).

If it is more than 7 days or more than one-third of the voyage, the insurance company will think that this is an increase in moral hazard (the insured will only insure if the risk increases, so the underwriting conditions, deductibles, premiums, etc. Will increase).

The ship has been sailing for 5 days, can it still be insured?

A: Considering that the process of checking documents in international trade is cumbersome and slow, and the shipping time is long, the time for insurance companies to allow customers to reverse documents is generally about 5 days.

Note: after sailing, all the insurance policies are reverse-signed.

However, it is necessary to affix the seal of "signing insurance" to sign insurance on the insurance policy. The humanization of insurance companies is that they are allowed to insure within three days of sailing, and there is no need to stamp the letter of guarantee (but the effective time of insurance is when the insurance is completed).

Can I get insurance before sailing?

A: The international practice ISBP745 also stipulates the time and date of insurance for freight insurance: the date of shipment of insurance documents cannot be later than the date of shipment.

It means that insurance can be insured before sailing, which means that the risk before transportation should be transferred to the insurance company. Insurance companies also welcome the insured to do so, because overdue insurance will lead to moral hazard and the "illegal" troublesome operation of endorsement.

5. Can the goods be insured before leaving the factory?

A: Many times, the shipper also considers the risk of trailer transportation from goods to shipment, and also wants to insure marine insurance to cover this land transportation risk. There is also the risk of goods being stored in the dock before shipment (I believe everyone is still worried about the previous typhoon in Tian Ge).

This is also ok. The normal insurance time should be insured before shipment, which means that the insurance should be completed before leaving the factory. Then you can insure the trailer land transportation risk and the cargo storage risk at the dock.

Summary: Many people think that you can buy insurance as long as the transportation is not over, which is wrong. First of all, there will be a problem of backdating, and domestic land transportation and air transportation are not allowed to backdate the insurance policy. Warm reminder: the latest insurance date for domestic freight insurance and international air freight insurance is the delivery date.