Insurance in international trade, to be taken by the buyer!

You import the goods and you gladly accept your supplier supplies CIF (I.e. that it charge you the cost of the merchandise + insurance + ocean freight). Serious error.
As always for insurance, if everything goes well, there's nothing to say with this choice, but in case of concern, it is sure that you regret not you be busy yourselves.


Why?


1. Because there are insurance and insurance.
What interests your provider is charge you for his merchandise. The rest is to get service. Won't take - you it not the 1 [sup] era [/ sup] insurance come without worrying what it actually covers? There is a chance that Yes. He did not want to raise the overall price by a reinforced insurance, especially if you ask him nothing.
You run well surprises - unpleasant for less - if you had to compensate in case of disaster.
In one of the cases that we had to know, a small package with a value of 1300 USD having had the unfortunate idea of being in a truck of the carrier by road to the airport, which has ignited suddenly, was compensated... 60 USD.  Standard insurance which had been underwritten by the provider takes as its basis, according to the international conventions in force, the weight of the package!
However, there is insurance all risks. Most expensive, of course.




2 - Continue, your merchandise from China, Mexico, Thailand, USA... had a problem and you need to contact the insurance company in charge of your cargo and chosen by your provider; already, most of the time, in the original documents, is not the police. You need to rely on the diligence of the provider to give you the coordinates. And you will then need to discuss with the company concerned to explain the claim that you are a victim, and try to compensate.
Imagine the harassment that represents the slightest loss in France, of type water damage, vehicle accident, vol... and multiply by 10 for a glimpse of what awaits you.

• Foreign language: even if you are familiar with English, nothing says that your interlocutor within the foreign insurance company talking about something other than the language of the country.
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• lag: some countries have up to 12 H shift with us, and are very complicated to reach by telephone, unless you wake up at 3 o'clock in the morning to contact them.
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• administrative and commercial courses which you will understand nothing: time of expertise, answer, methods of calculation, reference of your case to third-party services...
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• Telephone costs, and that time lost...!
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The solution:

1. insurance AD VALOREM (seated on the value of the goods and not on weight).
   One can go up to a rate of 120%, or 20% more than the value for still erase the effects 'applicable franchise' and other indirect costs you will have to assume, or even the loss of the profit expected for this transaction.
2. 
   
3. And that you'll have underwritten by a French insurance company, with whom you are notoriously more comfortable to assert your rights in case of problems.
   Or, given your group CIOA transactions.
   Not only, it has implemented a process of securing international trade starting from the qualification of the supplier, the verification of the quality of products manufactured, but again, its specific import and export insurance covers the goods entrusted by its customers to the tune of 7.5 million to€ per transaction.
4. 
   

More info on central purchasing CIOA [/ url]