What is tail end transit?
General, a container truck while carrying membranes from Chennai Port to Nemmeli met with an accident while in transit. The term ‘tail end transit’ has not been defined anywhere in the insurance policy. In the ordinary parlance, the aforesaid term would mean the final phase of the journey.Click to see full answer. Similarly, it is…
General, a container truck while carrying membranes from Chennai Port to Nemmeli met with an accident while in transit. The term ‘tail end transit’ has not been defined anywhere in the insurance policy. In the ordinary parlance, the aforesaid term would mean the final phase of the journey.Click to see full answer. Similarly, it is asked, what is tail end risk?Tail risk is the additional risk of an asset or portfolio of assets moving more than 3 standard deviations from its current price, above the risk of a normal distribution. Tail risk is sometimes defined less strictly, as merely the risk (or probability) of rare events.Likewise, what is stop policy? Marine Sales Turnover Policy (STOP) STOP is a designer product for the discerning customer, an Open Policy in the real sense of the term. The premium for the policy is charged only on your sales turnover. STOP provides you Transit insurance coverage on: Imports + Customs Duty (Actual or Deemed / Contingent) + Beside above, what is tail end risk in marine insurance? Onward journey from the discharge port to the warehouse or factory, where the cover has terminated at the discharge port is called tail-end risk. Majority of CIF import in India are insured till the discharge port (CIF discharge port) hence onward journey from discharge port needs to be insured.What is per sending limit in marine insurance?The per location limit refers to the highest value to which an insurer is exposed at any one place during the transit. Marine insurance generally ends when the cargo has been delivered to storage on arrival and its transit is complete. The cargo should then be insured under a material damage policy as an item of stock.
