Wednesday, 22 November 2017 / : :

Bitumen Cargo Insurance

Marine cargo Insurances

No doubt, that “certainty “factor plays undeniable role in promoting international business transactions. Sellers, carriers and buyers , without certainty and necessary guarantees to set off unpleasant financial consequences and incurred accident and up redirecting of this event   which we are witnessed nowadays , we won’t be able to fulfill the business transactions .

Marine cargo insurance that has been introduced prior to the other insurance fields, is able to provide coverage for financial losses pertaining to the commercial goods when risks are realized related to maritime, air and land transportation.

Furthermore, marine insurance will enable banks to provide financial facilities in light of an appropriate insurance, the result of which is billion dollar exchanges as opening letter of credit between the world countries and causes facility in import and export.

To provide more desirable services to Iranian traders and merchants, Isfahan Bitumen’s Insurance Company has tried to provide more facilities to cover expensive goods under clauses of London Institute of Insurers (A,B,C) and Total Loss in import-export, domestic and transit fields. For the risks covered by different Clauses A, B, and C please click here. Total loss of the goods in one step and consequently fire is considered in Total Loss.

 

Insurance Period in clauses A, B and C

When occurring damage, it is necessary for the insurance policyholder ( insured) to send his/her claim of damage to Isfahan Bitumen’s Insurance loss section , if it is necessary, the company will send expert to evaluate amount and nature of the damage. Some documents which should be sent to Isfahan Bitumen’s Insurance Company for damage enquiry are as follows:

Domestic bill of lading’s (copy)

Original bill of Lading relating to (sea, air, rail, land) transportation

Proforma and commercial invoices

Packing list

Survey report

Certificate of origin

All correspondence done for delivering goods etc., with the transportation company and/or others

Warehouse receipt

 

 

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Special Offer

  • 100% ADVANCE PAYMENT FOB BANDAR ABBAS/IRAN

    IN NEW STEEL DRUM:

     

    >> 295 USD <<

     
      Whatsapp: (+98) 9036684888

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Current Bitumen Price

  • Bulk
    EXW 240 USD
    FOB 270 USD
    New Steel Drums
    EXW 280 USD
    FOB 300 USD
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Bitumen price calculator

  • Prices based on CNF incoterms
  • Grades 60/70, 80/160 and 85/100
  • In ne steel drums
  • Prices based on NET basis and MT
  • THL Not included
  • 20% TT Deposit
  • Prices are subject to change

Note: All costs incurred at the port of dischare are for the buyer's account.

Abidjan Cost Unit
Destination Port 182 $/MT
Bitumen 360 $/MT
Total = 542 $/MT

Oil Price