PDF How to Value Cargo for Insurance - Western Overseas Corporation
How to Value Cargo for Insurance Normally, we calculate the insured value by taking the FOB value, adding the ocean or air freight, and adding 10% of that total. Thus, a shipment valued at $10,000 with $2,000 ocean freight would hav e an insured value of $13,200. We can frequently arrange higher buffer amounts upon request. Types of Coverage ................
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