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Insurance
- When
orders concluded on base of FOB, or CFR trade term,
we will notify customers with shipping advice within 3 working
days after Shipped On Board.
- Upon
receipt of our shipping advice, customers shall cover the
insurance themselves against the local insurance company/agency.
Shall any losses or damages to cargoes during the transit,
and the losses/damages fall into the scope of insurance
policy/certificate, customers shall claim directly against
the insurance company.
- If
customer have not made any insurance even after receipt
of our Shipping Notice, or the loss/damages fall no into
the scope of the relative insurance, customers themselves
shall bear the losses/damages, or may claim against carriers
if have full evidence the carriers shall hold the responsibilities.
- For
any orders concluded on base of CIF trade term, if
not specific requested, we will cover F.P.A. (Free From
Particular Average) for 110% of total invoice value,
as per Ocean Marine Cargo Clause of People's Insurance Company
of China, and the insurance is to be made out in U.S. currency
and payable in Destination.
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