Foreign Insurance Procedure

I. application for claims.

Insurance claims can be divided into two situations:

(1) the loss of the export goods is the result of the loss of the export goods. The foreign party (importer) claims the foreign claims agent as stated in the policy.

In the major ports and cities of the world, People's Insurance Company of China has two agencies entrusted with foreign inspection agents and claims agents. The former is responsible for testing the loss of goods.

After receiving the inspection report, the consignee will attach the same documents to the company, and the latter can handle the claim directly and pay the compensation locally.

When the importer lodged a claim with the foreign claims agent, he should also provide the following documents:

(A) the original of an insurance policy or insurance certificate;

(B) pport contracts;

(C) invoice;

(D) packing list;

(E) a letter or other document requesting compensation from the three party responsible for the carrier, as well as documents that prove that the insured has fulfilled the procedures for recovery.

(F) the inspection report issued by a foreign insurance agent or by a notary public of third foreign countries;

(G) Maritime report.

The loss caused by maritime goods is generally covered by the insurance company, and the ship is not liable.

(H) certificate of cargo loss;

(I) claim list; and so on.

(2) the loss of imported goods is caused by the insurance company of China's import direction.

When the imported goods arrive at our ports, airports or inland areas, we should immediately notify the local insurance companies that they will be jointly inspected with the local commodity inspection authorities.

If a loss is determined within the scope of the insurance liability, a report on the inspection of remnant short of the imported goods shall be issued by the local insurance company.

At the same time, the insurance company will compensate the liability for damage caused by the shipper, carrier, port authority, railway or other third party concerned, as long as the consignee has completed the procedures for recovering the above party.

However, for the shippers concerned with foreign shipments, the insurance company shall not be liable for the specification and liability of the insurance company under the terms and conditions of the insurance company. The consignee shall ask the national commodity inspection authority to issue a notarial inspection certificate, and then the consignor shall make a claim against the consignor through the foreign trade company.

When the consignee lodged a claim with the insurance company, the following documents should be submitted:

(A) import invoices;

(B) Bill of lading or notice of import and export cargo and waybill;

(C) discharge record and pound code sheet at the final destination.

If loss is involved in the shipper's liability, an order contract must be provided.

If there is a consignor's letter of guarantee and a ship's endorsement, it should also be provided.

If the loss involves the ship's liability, a cargo port visa must be provided.

If there is a ship endorsement, it will also be provided.

Where the shipper or ship's liability is involved, the State commodity inspection department must be identified.

If loss is involved in port loading and unloading and inland pportation, inland river or railway pport operator's responsibility, we must provide freight records (business records) and joint inspection reports issued by the responsible party.

The consignee may make claims to the insurance company in accordance with the following ways: the loss of the imported goods by sea, the claim from the insurance company at the port of discharge, the loss of air import goods, the claim of the destination insurance company as indicated on the international waybill, the loss of the imported goods, the claim to the destination insurance company as stated in the international parcel list, the loss of the imported goods from the land, and the claim to the destination insurance company as indicated in the international railway waybill.

Two, approval of responsibility, compensation.

The insured can wait for the insurance company to verify the liability and pay the compensation after completing the above claim procedures and providing complete documents.

In China, there are two ways to compensate insurance companies: one is direct compensation to the receiving units; the two is to centrally compensate the relevant foreign trade companies, and then the foreign trade companies and the ordering units will settle accounts.