Date: 2013-08-05

About Insurance

Question:

I import product from China into North America on a regular basis.nbsp; The shipment values are small, maybe $5000 to $10000 USD each.nbsp; Since we have many shipments (at least 2 per month) our prices are quoted FOB China and we hirenbsp;the freight comapny.nbsp; However, our freight company gives us the option of insurance or no insurance.nbsp; What should my policy be regarding whether to pay insurance or not.

Always ask for insurance, for the following reasons:



1. Anything can happen during the several weeks your shipment is on way, so you have some financial security.

2. The insurance policy can confirm your ownership of the goods in case there is any problem with the documents or your buyer needs some security.



First it seems useless, until the first shipment catches fire or gets seaspray.

( Sally )28 Jan,2010

Previous: Every Trade Term (FOB, CIF, L/C, etc.)
Next: Top 10 Mistakes to Avoid While Doing Export Marketing

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
22213AEXK NACHI	65	120	31
22213EXK NACHI	65	120	31

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.