Sales Turnover Policy (STOP) for Marine Cargo

A single policy covering all different transits of an insured. Estimated values for each of the transits are obtained and a rate of premium worked out by insurer for each transit. The total premium arrived at thus is divided by the estimated sales figures (sales + domestic sales) to arrive at the policy rate in a reverse manner. Client is expected to declare only the audited/certified sales figures every month/every quarter. Intermediate storage cover (on names perils and specified duration basis) can be considered.

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