Marine Insurance
Marine Insurance is a specialized policy that safeguards goods, vessels, and shipping interests from loss or damage during maritime transit. This article explains the definition, ...
Insurance Terms
Learn the most important insurance terms for international shipping. Find out how cargo insurance, liability, and risk coverage protect your imports from China. Benefit from professional advice by DTFU Logistics.
Notice of Loss
A Notice of Loss is a formal written notification submitted by the insured to the insurer or responsible party, alerting them to cargo loss or ...
Settlement
Settlement in international shipping refers to the formal resolution and payment of claims or financial obligations after loss, damage, or dispute. This article explains the ...
Claim
A claim in international shipping is a formal request for compensation due to cargo loss, damage, or other contractual breaches. This article explain the term ...
Deductible
A deductible is the amount the insured must pay out-of-pocket before insurance covers the rest of a loss. In shipping and cargo insurance, deductibles help ...
Premium
A premium is the amount paid by the insured to an insurance company for coverage against risks like cargo loss during shipping. This article explains ...