Cost: USD 125/person

Description:

This webinar offers a practical, high-level overview of the responsibilities importers and exporters hold when it comes to cargo insurance. You’ll gain clarity on how insurance requirements intersect with Incoterms® 2020, including the specific levels of insurance coverage mandated under each rule.

The session also navigates the key concepts and terminology that often create confusion—such as General Average, Institute Cargo Clauses, and Insurable Risks. In addition, you’ll learn how cargo insurance documentation is handled under UCP 600, the rules governing letters of credit, ensuring you understand what banks expect and how to avoid discrepancies.

Whether you’re new to cargo insurance or looking to strengthen your compliance and risk?management processes, this session provides the essential foundation needed to protect your goods and your business.

Learning Outcomes

• Explain the roles and responsibilities of importers and exporters in securing and managing cargo insurance.
• Understand how Incoterms® 2020 influence insurance obligations, including which rules require specific levels of coverage.
• Describe the insurance documentation requirements under UCP 600 and understand how these apply in letter of credit transactions.
• Define key cargo insurance terminology, including General Average, Institute Cargo Clauses, and Insurable Risks.
• Identify the types of risks cargo insurance is designed to cover and how to ensure coverage aligns with contractual obligations.