The insurance paper documents the conclusion of the insurance and the insurance claim. The insurance policy is issued to the named beneficiary. A distinction must be made between the following insurance documents:
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Transport insurance policy
The transport insurance policy, which is a document confirming the conclusion of a transport insurance contract (insurance policy). In § 608 HGB a number of liability exclusions for shipowners in the transport business are mentioned, e.g. B. the average as a ship accident, war and unrest, strike and lockout, confiscation of goods, saving life and property at sea, acts and omissions of the shipper.
Transport insurance document
In most cases, the carrier makes use of these disclaimers in the contract of carriage. Therefore it is the job of Transport insuranceto bear these risks not covered by the disclaimer. If there is a one-off insurance policy for a one-off transport of goods, an individual policy can be issued for this as a transport insurance document. A general policy is ideal for regular or frequent transports of the same type with comparable risks. If necessary, a transferable insurance certificate can be issued for each individual transport.
Credit insurance policy
The credit insurance policy that documents the conclusion of a credit insurance contract and the insurance claim of the named beneficiary. It is a rectal paper and can only be transferred by means of assignment.
If a long-term foreign trade transaction is to be financed, the bank requires credit insurance, which it takes in as collateral for the foreign trade loan. The claims from the credit insurance policy are assigned to the credit institution.