Protection against Pre-shipment and Post-shipment Risks

• Policyholder who wants to seek protection for pre-shipment risks needs to take out an insurance policy that provides pre-shipment cover. The policy must be in place before the sales contract to be insured is confirmed
• Policyholder needs to insure both pre- and post-shipment risks of the buyer at the same time
• Policyholder who trades with buyer on Letter of credit or advance payment needs to insure pre-shipment risks only
• Policyholder must export the goods within a period of six months from the date of insurable contract