Factors considered for fixing premium are based on annual gross receipts.
- Haulier’s Liability
- Freight Forwarder’s Liability
- Marina Operator’s Liability
- Ship Repairers Liability
- Stevedores / Charter’s Liability
Factors considered for fixing premium are based on annual gross receipts, limit per conveyance, policy aggregate limits & sub limits; carrier’s operating efficiency, past loss history and jurisdiction. A minimum deposit premium is usually charged which will be subject to adjustment at expiry of insurance contract at an agreed rate on actual annual haulage [gross receipts] achieved.