Definition
A document evidencing that marine cargo insurance is in place for a specific shipment, stating the insured value, coverage and conditions. It is often required under letters of credit and CIF or CIP sales. The certificate allows a claim to be made and may be presented to banks as part of the documentary set.
Frequently asked questions
What is Insurance Certificate?
A document evidencing that marine cargo insurance is in place for a specific shipment, stating the insured value, coverage and conditions. It is often required under letters of credit and CIF or CIP sales. The certificate allows a claim to be made and may be presented to banks as part of the documentary set.
Which glossary terms are related to Insurance Certificate?
Insurance Certificate is a documentation term in the South African import/export industry. Related terms in the same area include Air Waybill (AWB), ATA Carnet, Bill of Lading (BoL), Cargo Manifest, Certificate of Conformity — each has its own plain-English definition in the TradeCaravan glossary.